Manufacturers Care About Talent, Too

Manufacturers Care About Talent, Too

The Best Workplaces in Manufacturing and Production, a list released this week by Fortune and Great Place to Work, illustrates how the American manufacturing industry is embracing the value of talent just as wholeheartedly as tech and service sector organizations. Employees at the top-rated firms—including Hilcorp, Tactical Electronics, and Arthrex—expressed a sense of pride and purpose in their work, felt challenged to fulfill their potential, and said their employer fostered a positive work culture in addition to offering meaningful rewards.

“These organizations stand apart not only for the level of trust their employees express in anonymous surveys, but also for defying outdated perceptions of working in these industries,” Great Place to Work’s director of research and content Ed Frauenheim and executive vice president Kim Peters write at Fortune:

Take job security: 92 percent of employees at companies on the list say their leaders would lay people off only as a last resort. That’s even better than the response from people at companies on the broader ranking of the Fortune 100 Best Companies to Work For, which includes organizations in healthcare and technology experiencing much faster growth. Although the recent crash in oil prices will no-doubt affect energy companies on the manufacturing list, their employees can at least face 2016 with confidence that their organizations will handle the turmoil in good faith.

People at the best employers in manufacturing and production also feel they get a fair shake during positive economic cycles, with an average of 82 percent saying they receive a fair share of profits. This is helped by innovative compensation programs like Hilcorp’s practice of letting employees invest in – and collect returns from – specific company projects. The share-of-profits survey question also reveals another surprising area where companies on the manufacturing list collectively outperform their peers among the broader Fortune 100 Best Companies to Work For.