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Fifty-eight percent of Kentucky manufacturers surveyed for the recently conducted 2011 Annual Manufacturing Wage and Benefits Survey said they are planning to hire between one and 19 employees in 2012, up one percent from last year’s results. The annual report, sponsored by the Kentucky Education and Workforce Development Cabinet’s Department of Workforce Investment and the Kentucky Association of Manufacturers (KAM), was released on Oct. 31.
The survey showed that the positions of manufacturing employees included in the survey made an annualized average of $48,609 in 2011 and that 98 percent of the companies that participated in the survey offer health insurance to their employees, while 89 percent of those cover family members as well. Questions about benefits showed that 68 percent of the companies provide nine or more paid holidays per year and 51 percent provide an annual bonus.
“In order for manufacturers to attract and retain highly skilled individuals in today’s more modern and very efficient workplace, manufacturing employees are compensated with very competitive wages and great benefits packages,” said Greg Higdon, KAM President & CEO. “KAM’s 2011 Wage & Benefits reports confirm once again that more Kentuckians should obtain the appropriate technical education to secure one of these great employment opportunities in manufacturing.”
Fifty-four percent of Kentucky manufacturers surveyed are emphasizing education and training in green practices, such as reducing their energy use, making environmentally friendly products, reducing pollution, conserving natural resources and being more cost effective. New green products are being developed by 25 percent of these companies.