The labor market may be slowing slightly in the U.S. — although not by as much as expected — which means that companies remain focused on finding, training and keeping good workers.
PN's Catherine Kavanaugh has an interesting look at how Engel North America has adapted its apprenticeship program from Europe for U.S. workers. Rather than starting to train employees at age 15, which is part of school programs in parent company Engel Holding GmbH's home country of Austria, Engel North America accepts applicants at least 25 years old for the four-year program, which also offers a starting pay of $22.80, educational and corporate housing provided and a guaranteed job offer at the end.
"The labor pool is tight and there aren't enough qualified people for all of us. We need to grow our own," Terri Fanz-Falzone, Engel North America's vice president of human resources, told Catherine.
And the offer from Engel is getting results. It has more than 1,200 applications for 18 spots.
For an example of what happens when companies fail to plan for talent, consider the dilemma for carmaker Subaru at its Indiana assembly plant where it has to compete against fast-food chains.
"In Indiana, part-time workers at McDonald's earn $20 to $25 per hour, which is in competition with what temporary workers make at our plant," CEO Tomomi Nakamura said in a quarterly earnings call. "If we were to build a new plant, it would be very difficult to hire new people for that. Labor costs are rising now. It is quite challenging for us to secure workers for our Indiana plant, including those of suppliers."