Ed Monser MFG Day 15 Speech - Ranken Technical College

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Emerson At-A-Glance 2014 Key Facts 1

Transcript of Ed Monser MFG Day 15 Speech - Ranken Technical College

Page 1: Ed Monser MFG Day 15 Speech - Ranken Technical College

Emerson At-A-Glance2014 Key Facts

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Page 2: Ed Monser MFG Day 15 Speech - Ranken Technical College

1980

USA Manufacturing 1980 - 2015

2015

1950M2 1955M2 1960M2 1965M2 1970M2 1975M2 1980M2 1985M2 1990M2 1995M2 2000M2 2005M2 2010M2 2015M2 10

13

15

18

20

USA Manufacturing Employment

11.5M Bottom

-8.0M Jobs

Source: Bureau of Labor Statistics, Bureau of Economic Analysis 2

8%23% 18%% Total

Post WWII

People (M)

2015

Page 3: Ed Monser MFG Day 15 Speech - Ranken Technical College

Emerging World Labor Prices Are Increasing Much Faster than in Mature Markets

USA vs. China Average Hourly Manufacturing Wage

Since 1980, China’s Labor Rate Grew More than Twice as Fast as the USA. This Trend is Projected to Accelerate Through 2020

Source: Global Insight 3

USD/Hr

1980 1990 2000 2010 2020$0

$5

$10

$15

$20

$25

$0.2 $0.2 $0.5

$2.2

$7.3

USA WageChina Wage

$6.8

$10.5

$14.1

$18.4

$21.4

In 1980, China Wages were 3% of USA Wages

By 2020, China Wages will be 34% of USA Wages

Page 4: Ed Monser MFG Day 15 Speech - Ranken Technical College

Manufacturing JobsPerception and Reality

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Emerson Creates Solutions to Allow Facilities to be Monitored and Managed Remotely and More Safely by Workers

Source: “How Your State Economy Rank?”; Process Engineering

Automation is replacing many manual jobs

More jobs are becoming control room based

Page 5: Ed Monser MFG Day 15 Speech - Ranken Technical College

Percentage of Executives that Indicate CurrentEmployees are Not Sufficient in Key Skills

Technology/ Computer Skills

Basic Technical Training

Math SkillsProblem Solving Skills

70% 67%

60%69%

Source: Manufacturing Institute 5

Page 6: Ed Monser MFG Day 15 Speech - Ranken Technical College

Ranken Graduation StatisticsDepartment Job Opportunities

Per GraduateClass of 12/12

Placement RateClass of 5/13

Placement RateClass of 5/14

Placement RateAutomotive Collision Repair 7.00 100% 100% 100%Automotive Maintenance 3.29 100% 97% 98%Architecture 7.28 100% 100% 92%Carpentry and Building Technology 10.85 N/A 100% 100%

Control Systems Technology 6.78 100% 92% 92%Electrical Automation Technology 6.95 100% 94% 100%

Electrical Systems Design Technology 5.39 N/A 100% 100%

Fabrication and Welding Technology 5.05 100% 86% 94%

HVACR 5.30 100% 100% 93%Industrial Technology 5.83 100% 94% 100%Information Technology 3.54 90% 96% 92%Internet and Web-Based Technology 6.36 88% 86% 100%

Plumbing 5.45 N/A 100% 73%Precision Machining/ Advanced Manufacturing 4.93 100% 100% 100%

Overall 5.15 97% 97% 96%

6Source: Ranken

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Ranken Micro-enterpriseEmerson Climate Technologies Testing

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Page 8: Ed Monser MFG Day 15 Speech - Ranken Technical College

Ranken SalariesMajor High

starting salaryAveragestarting salary

Average salary with3-4 years experience

Automotive Collision Repair Technology $37,000 $30,000 $45,000-$55,000

Automotive Maintenance Technology $44,000 $31,000 $45,000-$55,000

Carpentry & Building Construction Technology $40,000 $31,000 $40,000-50,000

Control Systems Technology $60,000 $49,000 $45,000-$50,000

Electrical Automation Technology $52,000 $36,000 $40,000-$50,000

Electrical Systems Design Technology $47,000 $40,000 $55,000-$80,000

HVACR $40,000 $31,000 $45,000-$55,000High Performance Racing Technology $35,000 $30,000 N/A

Industrial Technology $48,000 $39,000 $55,000-$60,000Information Technology $49,000 $39,500 $40,000-$55,000Internet and Web Based Technology $50,000 $38,000 $45,000-$55,000

Plumbing Technology $47,000 $34,000 $45,000-$50,000Precision Machining Technology $53,000 $40,000 $45,000-$50,000

Welding $46,000 $34,000 $30,000-$48,000

8Source: Manufacturing Institute