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60% Manufacturer Costs Rise Due to Investment in Staff

February 21, 2023

60% of US manufacturing decision makers say that their costs have risen by over 20% due to greater investment in people, according to research findings by Visual Components. For over a third of manufacturers (35%), these costs rise by over 40%.

These figures are reflective of a widespread skills shortage in the US market and the wider technology sector. The scale of the problem has been evidenced by over a third (36%) stating that between 21% and 60% of the workforce have departed the business since July 2021, in addition to normal levels of staff turnover. These resignation waves are leaving sizable gaps in the workforce that manufacturers are struggling to fill.

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