Most U.S. manufacturers are paying workers more to keep production humming amid a shortage of skilled labor — and it’s working.
More than four in five firms in the industry are raising wages or boosting signing bonuses, according to a survey of about 400 executives by Deloitte LLP and the National Association of Manufacturers. More than two-thirds said compensation had a moderate to very high impact on retention, while 32% said it had low or no impact.
