The first Friday in October was National Manufacturing Day and kicked off Manufacturing month! Great news for those seeking rewarding jobs in the industry. Manufacturing is alive and well in Tennessee with over 350,000 employed in the industry, 5157 manufacturers across the state and product/output of over $55.7 Billion.
Whether high school graduates, apprenticeship, certificate program graduates, associate degree or bachelor’s degree there are great jobs at all levels in this industry, applauding an average $71,000 in annual compensation with benefits. It a career that is making headlines all over the country, but especially in Tennessee as the state ranks #4 nationally for manufacturing and #1 in manufacturing for automotive.
In a recent roadshow across TN and visits with both small and large manufacturers, LBMC, Tennessee Manufacturers Association (TMA), and the Tennessee Chamber of Commerce and Industry met with manufacturing leaders to discuss the state of the industry in Tennessee, but also, and perhaps most importantly, the careers the industry provides. Career skills included the ability to be detail oriented, problem solving, critical thinking, aptitude for technology, and strong communication. These skills and the open positions present an opportunity for employers, educators and community leaders to discuss the opportunities in the industry.
Smart manufacturing and the use of robotic, cobots, IIoT (industry internet of things), and AI do the heavy lifting and workers are learning creative and technical skill sets that keep them continually learning and transforming the industry and their careers. Manufacturing has become the “cool” industry. Check out some of the technology that is inspiring the next generation of manufacturers at https://www.mfgday.com/. The Smart MFG Comic Book and App help today’s and tomorrow’s workers understand the role technology is playing and how advanced skills (often being trained by manufacturers) and creativity are driving manufacturing to a new level.
Manufacturing is also a great post military career choice. The skills and training of our military in understanding teams, communication, processes, and quality control are valuable to both workers and manufacturers. For those hiring eligible military, there are Work Opportunity Tax Credits (WOTC) to be gained as well, yielding up to $5,600 per unemployed veteran. The Wounded Warrior Tax Credit nearly doubles the WOTC for veterans with service-connected disabilities. This is a great savings for manufacturers employing our veterans.
Manufacturing is providing jobs for those seeking opportunities to build a career, and tax credits for companies that are hiring them can be an added benefit. Want to know more about tax credits and what might apply to you as a manufacturing company, let us know. Put our experience working with manufacturing clients to work for you.