Assembly Planbook - July 2008 - (Page 28)

State of the Profession 2008 pay for performance. Segmenting their workforce helps them identify their most valuable contributors. “Employers always strive to pay high performers better than low performers, but as pay increase budgets remain flat, organizations are widening the performance differentials by granting significantly large salary increases to high-performing employees,” explains Gross. “As companies struggle to afford and sustain compensation levels for employees, they continue to focus on variable pay. Incentives are a useful tool for supporting high levels of performance without increasing the fixed cost of base pay.” More than one half (61 percent) of assemblers who work for companies that manufacture plastic and rubber parts claim they received a cash bonus during the past year. By comparison, only 43 percent of assemblers in the machinery manufacturing industry, which includes manufacturers of construction equipment, office Manufacturers in many different industries are scrambling to cut costs and trim their operating budgets. Photo courtesy Ford Motor Co. Indeed, 87 percent of those individuals say they expect a raise during the next 12 months. But, assembly professionals in the plastics and rubber products industries are less optimistic: Only 66 percent think their wallets will be getting fatter. More than one half (51 percent) of respondents received a cash bonus during the last 12 months, a slight 1 percent increase over 2007. Most of that extra compensation is tied to overall company and plant performance, in addition to meeting deadlines for new projects and implementing successful cost reduction programs. According to Gross, many companies are looking for “new ways to TC Standard Cam Indexer The BETTER Cam Indexer Reliable. Precise. WEISS h no lo g y that in s pi res Tec WEI SS Heres why . . . 4 year warranty longest in the industry Maintenance free indexer filled with oil for life No overload clutch needed; upon a jam or e-stop, motor stalls before damaging indexer No mechanical failures in over a decade Compact design no external gearbox required WEISS North America, Inc. | 3860 Ben Hur Avenue | Willoughby, OH 44094 Phone: 888 WEISSNA (888-934-7762) | Fax: 440-269-8031 info@weissna.com | www.weissna.com TR Open Center Cam Indexer More Informatio 2D and 3D File Downloads available at www.weissna.com 8 8 8 W E IS S N A n? Call us! 28 ASSEMBLY / July 2008 www.assemblymag.com asb07084weiss.indd 1 6/16/08 1:00:43 PM http://www.weissna.com http://www.weissna.com http://www.weissna.com http://www.assemblymag.com

Table of Contents Feed for the Digital Edition of Assembly Planbook - July 2008

Assembly Planbook - July 2008 Contents Editorial Quality in Assembly Station to Station Assembly Lines Assembly in Action Surviving the Roller Coaster The Human Side of Manufacturing Do Your Fasteners Need a Preapplied Thread-Locker? Manufacturing Innovation A Century of Progress Trendsetting Plants Pulse Tools Get Smart Plastics: Design for X Product Reviews Products Advertisers Index Classified Leading Lean

Assembly Planbook - July 2008

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