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New York’s fall potato production slips slightly
New York farms are forecast to have produced 3.98 million cwt (hundredweight) of fall potatoes in 2018, down 1.4 percent from 4.03 million cwt in 2017, according to the Nov. 1 forecast production report from the USDA National Agricultural Statistics Service. New York potato producers harvested 14,200 acres of fall potatoes this year, off 1.4 […]
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New York farms are forecast to have produced 3.98 million cwt (hundredweight) of fall potatoes in 2018, down 1.4 percent from 4.03 million cwt in 2017, according to the Nov. 1 forecast production report from the USDA National Agricultural Statistics Service.
New York potato producers harvested 14,200 acres of fall potatoes this year, off 1.4 percent from 14,400 acres last year, the agency said. The area planted was unchanged at 14,500 acres.
The estimated total yield per acre in the Empire State, as of Nov. 1, was 280 cwt in 2018, unchanged from 2017.
Nationally, U.S. farms produced an estimated 417.5 million cwt of fall potatoes this year, up more than 4 percent from last year’s production of 400.6 million cwt, according to the USDA.

Leadership Greater Syracuse graduates its 28th class
SYRACUSE — Leadership Greater Syracuse (LGS) announced that 52 area citizens are ready to take on high-level community roles in Central New York after graduating from the LGS Class of 2018 on Nov. 14 at The Rail Line, a new event venue in downtown Syracuse. New Onondaga County Executive J. Ryan McMahon II was on
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SYRACUSE — Leadership Greater Syracuse (LGS) announced that 52 area citizens are ready to take on high-level community roles in Central New York after graduating from the LGS Class of 2018 on Nov. 14 at The Rail Line, a new event venue in downtown Syracuse.
New Onondaga County Executive J. Ryan McMahon II was on hand to congratulate the graduates.
“The Board of Directors, staff and I are very proud of this class. They have been immersed in the issues and achievements of our community and now have the tools and the connections they need to give back to CNY,” LGS Executive Director Pam Brunet said in a news release.
The participants represent a cross-section of local businesses and nonprofit organizations. “The LGS Class of 2018 is also our most racially diverse class with 15 percent identifying themselves as racial minorities,” said Brunet.
Founded in 1991, LGS is a nonprofit organization that says its mission is to inspire current and future leaders to make a difference in the community in which they live and work.
Each year, the DeWitt–based organization selects a new class of about 50 to 55 people to participate in its yearlong training program to expose them to key community leaders and organizations and the most important issues facing the community. The program teaches participants about community leadership, empowerment, group dynamics, community opportunities, and trends.
“The future is bright for the organizations that will benefit from their knowledge and involvement as the LGS Class of 2018 is made up of very enthusiastic and capable leaders,” Brunet said. Approximately 80 percent of all the LGS graduates remain in CNY. A recent survey shows that they have held more than 800 volunteer positions.
Leadership Greater Syracuse was founded by CenterState CEO, Onondaga County, the City of Syracuse, and Onondaga Community College. LGS is financially supported by many organizations including United Radio and VIP Structures. Media sponsors include Charter Communications, Advanced Media Group, and the Business Journal News Network.
The Leadership Greater Syracuse Class of 2018 graduates are: Daniel Amedro, Bristol-Myers Squibb; Angela Au, Bristol-Myers Squibb; Trevor Bacon, Community Bank; Raymond Banach, UPS; Mark Barlow, Catholic Cemeteries for Syracuse Diocese; Eric Bishop, M&T Bank; Cecelia Cannon, Bousquet Holstein PLLC; Joseph Carfi, Syracuse University; Colleen Cicotta, Syracuse University; Franchesca Clemente, Catholic Charities of Onondaga County; Chelsea Colon, Cooperative Federal; Casey Cone ,OneGroup NY, Inc.; John D’Eredita, Onondaga County Sheriff’s Office; Madeleine DiGristina, SRC, Inc.; Dan DiMarco National Grid; Donald Drum, Excellus Health Plan; Wells Eshleman, Lockheed Martin; Catherine Fiorello, O’Brien & Gere; Ethan Gilbert, Rockbridge Investment Management; Phillip Grome, OCM BOCES; Elizabeth Hartman, CNY Community Foundation; Scott Hopkins ,Carrier Corporation; Thomas Horth, C & S Companies; Diana Jones, Syracuse Orthopedic Specialists; Kathleen Keough, SUNY Upstate Medical University; Michael Keys, Spectrum News; Sherry King, Excellus BlueCross BlueShield; Michael Kite, Advance Media New York; Daniel Knapp, POMCO/UMR; Clara LaPrease, Saab Defense and Security USA LLC; Sean Lawless, 174th Attack Wing; Adam Legg, The Hayner Hoyt Corporation; Alice Maggiore, Downtown Committee of Syracuse; Liza Magley, Bond Schoeneck & King; Lorraine McGee, Key Private Bank; Elisabetta Metot, CenterState CEO; Mackenzie Naum, Blue Rock Energy; Tatiana Parker, United Way of Central New York; Deborah Plochocki, SRC, Inc.; Ramona Rabeler, City of Syracuse; Charles Rivers, PEACE, Inc.; Todd Robertson, AXA Equitable; Daniel Ryan, Onondaga Community College; Jeffrey Ryan, Welch Allyn; Andrew Sabbaghzadeh, The Salvation Army; Whitney Schmidt, Hancock Estabrook; Richard Shaler, VIP Structures; Stephanie Smith, Chemtrade; Michael Sylvester, Dairy Farmers of America; Kristin Thompson, American Heart Association; Kara Welch, SUNY Upstate Medical University; and Jessica Willey, Excellus BlueCross BlueShield. ν
Grain corn production jumps nearly 34 percent in NY in 2018
New York farms are forecast to have produced 104.6 million bushels of corn for grain in 2018, up 33.9 percent from 78.1 million bushels produced in 2017, according to the Nov. 1 forecast production report from the USDA National Agricultural Statistics Service. This projected corn production rise is up from the USDA’s Sept. 1 report
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New York farms are forecast to have produced 104.6 million bushels of corn for grain in 2018, up 33.9 percent from 78.1 million bushels produced in 2017, according to the Nov. 1 forecast production report from the USDA National Agricultural Statistics Service.
This projected corn production rise is up from the USDA’s Sept. 1 report when New York’s production was estimated to have increased 31.5 percent this year.
New York farms harvested 630,000 acres of corn for grain this year, up 30 percent from 485,000 acres last year, the agency said.
The estimated total yield per acre in the Empire State, as of Nov. 1, was 166 bushels of corn, up from 161 bushels in 2017. In the Sept. 1 USDA report, the estimated total yield per acre had been forecast at 163 bushels, up 1.2 percent from a year prior.
In neighboring Pennsylvania, corn for grain production was estimated to have declined almost 5 percent to 141.1 million bushels in 2018 from 148.1 million bushels in 2017, per the USDA’s November report.
Nationally, U.S. farms produced an estimated 14.63 billion bushels this year, up slightly from last year’s production of 14.6 billion bushels, according to the USDA.

Five Star Bank implements executive leadership changes, including several promotions
WARSAW, N.Y. — Five Star Bank, a unit of Financial Institutions, Inc. (NASDAQ: FISI), recently announced a reorganization in its executive leadership team, which it says will “more effectively meet the needs of customers across all segments of its business in support of the bank’s continued growth.” Five Star Bank named William L. Kreienberg chief
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WARSAW, N.Y. — Five Star Bank, a unit of Financial Institutions, Inc. (NASDAQ: FISI), recently announced a reorganization in its executive leadership team, which it says will “more effectively meet the needs of customers across all segments of its business in support of the bank’s continued growth.”
Five Star Bank named William L. Kreienberg chief banking and revenue officer, a new role combining all revenue and relationship-building businesses for banking, insurance, and wealth management. He will be responsible for the bank’s retail-branch network and commercial and consumer-lending teams, as well as its insurance and wealth-management affiliates, according to a Five Star Bank news release. Kreienberg will also continue to serve as the bank’s general counsel. He previously was chief corporate development executive.
The bank appointed Joseph L. Dugan “chief customer experience and go to market officer,” a new position consolidating leadership of marketing, technology, product, and customer experience, the release stated. He will provide leadership and advocacy across the organization for “innovative technology solutions” for both employees and customers. Dugan previously was Five Star’s retail growth and profitability executive.
Sean M. Willett was named chief administrative officer. In this job, he will lead audit, compliance, operations, risk, and strategy. Willett previously was the bank’s chief risk officer.
The reorganization also included the promotions of employees in several departments, which Five Star Bank said were part of its focus on the “development of future talent and increased diversity in leadership positions.” The bank promoted Bethany Bowers to chief compliance officer, Amy Barone to director of operations, Diane Camelio to director of retail relationships, Staci Casseri to director of customer experience, Randy Phillips to chief risk officer, and Cory Popen to enterprise data manager.
“Change and evolution are constant and necessary to excel and fulfill our commitment to our customers, our shareholders, our associates and the communities we serve. We have many talented individuals within Five Star, and giving them the chance to assume new or enhanced roles is critical for our success and an opportunity for them to continue their personal development,” Martin K. Birmingham, Five Star Bank president and CEO, contended. “We believe that these leadership changes and the related reorganization will facilitate continued execution of our long-term strategic plan.”
Five Star Bank, based in Warsaw in Wyoming County, has more than 50 branches throughout Western and Central New York. Its CNY branches include offices in Auburn, Geneva (2), Seneca Falls, Elmira (2), and Horseheads.
Crack the Prospect Code to Win More Sales
Why do so many meetings with prospects fizzle out and go nowhere? Is it just the way it is, so we should just accept it? Or, is it possible that our “this is what went wrong” explanations are merely excuses for failing to turn prospects into customers? As sure as Friday is pizza night, salespeople
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Why do so many meetings with prospects fizzle out and go nowhere? Is it just the way it is, so we should just accept it? Or, is it possible that our “this is what went wrong” explanations are merely excuses for failing to turn prospects into customers?
As sure as Friday is pizza night, salespeople are drawn to prospects like kids to puddles of water. No argument. But what about the other way around? How much thought do salespeople give as to whether or not prospects are drawn to them? Is it possible that the drive to make the sale blinds them to the possibility that prospects may reject them?
The key to getting prospects to buy what you’re selling starts with getting them to buy you. It requires cracking the prospect code and below is how to go about it.
Abandon the urge to impress
Sure, you want prospects to like you, but efforts to impress them can make the wrong impression. It sends the message you are overly impressed with yourself. In other words, you come across as being less interested in understanding their situation and more interested in selling yourself.
All this happens when salespeople use confusing terminology, dominate the conversation, speak too fast, and make prospects feel inadequate. It’s the perfect prescription for rejection.
Set the stage for success
Productive sales calls don’t just happen. They are carefully choregraphed to give the salesperson an edge in getting the order. The first step is disarming the customer, neutralizing a prospect’s natural reaction to become defensive, to clam-up, or even to get away.
The task is to figure out and focus on what customers want, what they are looking for, and what satisfies them. Why is this important? They are trying to decide if the salesperson cares or just wants to make a sale.
Issue a challenge
It may sound odd or strange, but this is what it takes for prospects to clarify their thinking and commitment to making a prudent purchasing decision — and avoid experiencing buyer’s regret.
It’s time to ask what some may consider a risky question. “Are you sure this is what you want to do?” is a necessary question, one that helps prospects clarify their thinking. If the answer is “no” or “I’m not sure,” then it’s time to stop and probe until the concerns and doubts are explored and resolved to the prospects’ satisfaction. This is how trust develops and what it means to be a sales consultant.
Stay with them
No one wants to feel ignored, abandoned, or rejected. Yet, this happens when a salesperson makes an “exit” after deciding prospects aren’t going to buy. When this occurs, prospects react negatively and get even by badmouthing the salesperson and the company.
Even so, it’s easy to avoid. Let them know you appreciate the opportunity to help them, but you also recognize it doesn’t always work out. Do it correctly and there’s a good chance that should they leave they will be back or refer others.
Second guess yourself
It’s tough to recover when you’re put on the defensive while making a sales presentation. Even if you’re fast on your feet, it’s difficult to think clearly, let alone to organize an effective response.
The way to avoid getting caught with the unexpected is to second guess yourself. Lay out possible objections and anticipate possible responses and disagreements that could undermine your proposal. Show their deficiencies and why your position is the best solution.
Focus on why, not what
Salespeople like to talk about what customers get when making a purchase — long lasting, the latest, solid, fashionable, popular, convenient, and so on. But that’s changing. Today, it’s the why that motivates customers.
Here’s are examples of how to make why work for you:
• A solar energy company says its installations do more than lower energy costs. They help reduce the carbon footprint.
• A janitorial services company builds its case for clean facilities: reduces lost time due to illness, increases employee satisfaction, and helps improve productivity.
• British engineer James Dyson, who invented the Dual Cyclone bagless vacuum cleaner, sells a cordless version. In a TV ad, Dyson explains why: “It’s right to do something better.”
Ask the right questions
Salespeople don’t set out to alienate prospects. Yet, it’s easy to “trip” during the “sales dance.” To avoid making a misstep that can turn prospects off, it helps to have them talk about what customer satisfaction means to them and what they expect from a salesperson. Besides providing helpful information, it lets prospects know you want them to become satisfied customers.
It can also help to ask what’s bothersome about salespeople. Urge them to be candid. The more a salesperson knows, the better.
Don’t leave feedback to chance
“We need your feedback” or the various versions of these overworked words are tacked on countless marketing messages. Some call it the electronic “complaint box.” But feedback is too valuable to be left to chance.
Nothing is more important than making sure you and your prospects are on the same page, and that there’s no misunderstanding. This is why it’s helpful to think of presentations as an opportunity to ask prospects, “Is something not clear? Am I missing something that’s important to you?”
Rise to the occasion
It’s inevitable to get bored with what we do every day, including those who say they love their work. Even salespeople, who take pride in being “always up” get bored. But that’s the challenge. The test is our ability to push aside the “dark stuff” and meet the expectations of others.
If there is one quality prospects (and customers) look for in a salesperson, it’s vigor —an alive feeling. It’s catching and it moves prospects to action. It should be as much a part of a successful sales presentation as the words said.
What it takes to turn more prospects into customers is cracking the prospect code. Get them to buy you before trying to get them to buy what you’re selling.
John Graham of GrahamComm is a marketing and sales strategy consultant and business writer. He is the creator of “Magnet Marketing,” and publishes a monthly eBulletin, “No Nonsense Marketing & Sales Ideas.” Contact him at jgraham@grahamcomm.com or visit johnrgraham.com

NEXT 2018 conference spotlighted tech innovations
SALINA — Cornell University professor Rob Shepherd says energy efficiency is a “critical goal” for improvement in robotics. “One of the ways we’re going about that is to increase the sensor density, or the ability for a robot to feel, so we can change what it’s doing for the most energy-efficient approach to its task,”
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SALINA — Cornell University professor Rob Shepherd says energy efficiency is a “critical goal” for improvement in robotics.
“One of the ways we’re going about that is to increase the sensor density, or the ability for a robot to feel, so we can change what it’s doing for the most energy-efficient approach to its task,” says Shepherd, associate professor in mechanical engineering at Cornell.
When asked to define robotics, Shepherd replied that one of the definitions of robots is that they are “machines that can adapt to their environment and basically seem like animals.”
He also noted that manufacturers use robots to improve efficiencies and “throughput to produce more goods.”
Shepherd was the morning keynote speaker at NEXT 2018 held Nov. 15 at the Holiday Inn Syracuse–Liverpool in the town of Salina.
Shepherd spoke on the topic in a presentation, titled, “The human touch: How bio-inspired design and advance fabrication are revolutionizing robotics.”
When asked afterward what he hopes attendees would remember from his presentation, Shepherd said one of the messages from his remarks is that hardware is not done.
“There’s a great way to improve robots and hardware design and part of that involves 3-D printing and another part involves new types of sensors and new types of actuators,” he added.
More about NEXT
Organizers of NEXT 2018 describe it as “the event for technology, manufacturing & biotech … where fast-track companies meet and learn from world-class business leaders and industry experts.”
The event, in its fifth year, also included “interactive” workshops on topics that included law and commercialization, manufacturing excellence, and biotech innovation.
Chris Kelly, a former Facebook executive and current angel investor, delivered the conference’s luncheon keynote address. He spoke on the topic “The Future of Technology, Cybersecurity, Innovation, and our Digital World.”
Following both keynote presentations, attendees participated in breakout sessions that included topics such as “Innovation and Intellectual Property – Decision Points for Startups,” and “Key Legal Issues for Technology Companies: Startup and Finance.” The mid-afternoon group of breakout sessions focused on “Supporting the Changing Workplace,” “Finding the Funds: New Venture Assistance for Innovation and Capitalization,” and “UAS/Drone Industry Update.”
NEXT 2018 sponsors included Central New York Biotech Accelerator; CASE (Center for Advanced Systems and Engineering) at Syracuse University; NYS Science + Technology Law Center at the Syracuse University College of Law; TDO (Train Develop Optimize); and Empire State Development’s Division of Science, Technology & Innovation (NYSTAR).
EPA awards funding to CNY small businesses for tech development
The U.S. Environmental Protection Agency (EPA) recently announced $1.7 million in funding to 16 small businesses across the country to develop new technologies that it says protect the environment while growing the economy. The two winners in New York state include DMax Plasma LLC of Potsdam (St. Lawrence County), which will receive $98,991 to develop
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The U.S. Environmental Protection Agency (EPA) recently announced $1.7 million in funding to 16 small businesses across the country to develop new technologies that it says protect the environment while growing the economy.
The two winners in New York state include DMax Plasma LLC of Potsdam (St. Lawrence County), which will receive $98,991 to develop a competitive remediation technology to chemically reduce Per- and Polyfluoroalkyl Substances (PFAS) in contaminated water quickly. The other New York winner is Vergason Technology, Inc. of Van Etten (Chemung County), which will get $99,441 to create a green process for manufacturing plastic chrome.
“EPA is providing small businesses with financial support to develop innovative technologies that will address urgent environmental and public health needs across the nation,” EPA Acting Administrator Andrew Wheeler said in a news release. “This year, we are encouraging the development of a variety of new technologies, including innovations to help address PFAS and improve water quality nationwide.”
The announced contracts are funded through EPA’s Small Business Innovation Research (SBIR) program, which encourages the development and commercialization of “novel technologies that support EPA’s mission to protect human health and the environment.” The small businesses getting funded are working on a range of topics including water quality, air quality, land revitalization, homeland security, manufacturing, and construction materials.
EPA is awarding 17 Phase I contracts to 16 small businesses for up to $100,000 for six months. Phase I recipients are eligible to apply for a phase II contract, which will help commercialize the technology that was conceptualized in phase I. A phase II contract can fund these companies with up to $300,000 to develop their environmental technology for the marketplace, the EPA said.
More detailed information about these SBIR contracts is available at: https://cfpub.epa.gov/ncer_abstracts/index.cfm/fuseaction/recipients.display/rfa_id/644/records_per_page/ALL
Lockheed Martin launches $30M STEM scholarship program
Lockheed Martin Corp. (NYSE: LMT) on Nov. 15 launched a $30 million STEM (science, technology, engineering and math) scholarship program for high school and college-undergraduate students planning to pursue a major in engineering and computer science. Bethesda, Maryland–based Lockheed Martin is a defense contractor with plants in Salina and in Owego. Beginning in 2019, the Lockheed
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Lockheed Martin Corp. (NYSE: LMT) on Nov. 15 launched a $30 million STEM (science, technology, engineering and math) scholarship program for high school and college-undergraduate students planning to pursue a major in engineering and computer science.
Bethesda, Maryland–based Lockheed Martin is a defense contractor with plants in Salina and in Owego.
Beginning in 2019, the Lockheed Martin STEM Scholarship program will award a $10,000 annual scholarship to 200 recipients who “demonstrate financial need and come from underrepresented or underserved communities,” according to a company news release.
Recipients may renew the scholarship up to three times for a total potential value of $40,000 per student.
When asked what role the Salina and Owego plants would play in the scholarship program, company spokesperson Maureen Schumann said in an email reply that the “program is open to U.S. citizens attending U.S. colleges and universities so we encourage widest dissemination.”
“We are looking for students who are creative and innovative skills that are necessary for success in today’s high-tech economy,” Patricia Lewis, senior VP of human resources at Lockheed Martin, said in the release. “As a global leader in innovation, Lockheed Martin is focused on growing and inspiring the next generation of STEM talent that will help our customers tackle the world’s toughest challenges and shape the future.”
The STEM Scholarship program will continue to add up to 200 new recipients each year for a minimum total investment of $30 million over five years. The program is part of a series of investments Lockheed Martin said it is making in education and innovation “as a direct result” of the Tax Cuts and Jobs Act, which cut the corporate tax rate this year.
Mentoring opportunities will be a “key component” of the program, and recipients will also be eligible for Lockheed Martin internship opportunities following their freshman year in college.
The application period opens on Jan. 15, 2019 and will be administered by Scholarship America, an organization with more than 60 years of experience designing and managing scholarship programs, Lockheed Martin said.
Those interested can visit the STEM Scholarship page at lockheedmartin.com/scholarship to learn more about eligibility requirements and to be notified when the scholarship application opens.
Four Tactics to Help Attract and Retain Manufacturing Talent
Attracting and retaining top talent for the manufacturing industry is more challenging than ever. Employment is up, the U.S. unemployment rate is near historic lows, and Baby Boomers are reaching retirement age and exiting the workforce. The global supply of high-skill workers is not keeping up with demand, and, according to the McKinsey Global Institute,
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Attracting and retaining top talent for the manufacturing industry is more challenging than ever. Employment is up, the U.S. unemployment rate is near historic lows, and Baby Boomers are reaching retirement age and exiting the workforce.
The global supply of high-skill workers is not keeping up with demand, and, according to the McKinsey Global Institute, there may be a potential shortage of more than 40 million high-skill workers by 2020. HR departments have shifted focus from salaried employees to filling hourly positions, which increasingly require problem-solving skills and technical expertise.
Unfortunately, the manufacturing industry is suffering from a perception problem; eligible recruits fear layoffs, associate the industry with a “lower status stigma,” and foresee superior career growth in other occupations. To mitigate these issues, companies must be creative in their appeals to the next generation of manufacturing professionals. Here are some methods to help improve recruiting and retention.
Differentiate
During recruitment, reinforce the fact that manufacturing jobs often pay better than other unskilled or semi-skilled labor positions. According to IndustryWeek, fast-food workers stand to make $10 to $15 an hour, while a new manufacturing employee could make $15 to $25 per hour. Even if the position isn’t something the workers want long-term, a role at the entry-level will expose them to other areas of the business. If candidates commit to further training within the company, they have a chance to make even more. Make sure to express the potential growth opportunities in the interview process and reinforce the value of the hourly employee.
Another area for differentiation is workplace culture. Articulate the improved safety standards, collaborative environment and use of state-of-the-art technology in job descriptions. Also, reinforce that your company will provide ongoing education, including access to more in-depth training.
Partner with local schools
Some companies are beginning to conduct focused outreach at local high schools, community colleges, and technical schools. By working with in-school counselors, manufacturers can identify students with the skill set and desire to learn more about technical pursuits. Presenting at job fairs or a “career day” can also help dispel myths regarding the nature of the work and build rapport with a younger audience. Another route is to offer sponsorships, internships, and/or apprenticeships. Programs such as these provide hands-on experience without the full commitment of employment. Candidates will have a better idea of on-the-job responsibilities, and employers can vet aptitude accordingly.
Reevaluate benefits
By 2020, millennials are expected to comprise about half of the global workforce, so they will have significant influence in the work experience. According to Ernst & Young, millennials are the generation most likely to change jobs, give up promotions, or take a pay cut to have flexibility in their work. In order to attract this talent, manufacturers should reconsider paid-leave and scheduling policy.
For example, Globe Manufacturing of Pittsfield, New Hampshire allows its first-shift employees to choose from start times between 6 a.m. and 8 a.m. Although about 80 percent still choose to begin the day at 6 a.m., they report satisfaction with the freedom of choice. Other companies are offering “shift-switching” options; if you have to attend your child’s piano recital, for example, you have the option to swap shifts with another employee. Lastly, consider implementing flexible vacation. Rather than offering the entire company the same weeks off, allow employees to choose their leave.
Update your sourcing technology
Consider pairing with a partner firm that can provide modernized recruitment technology and expertise for your company. For example, many workers in the U.S. speak English as a second language. Some recruitment technologies offer multilingual career sites to ensure all information about the company and its jobs is understood correctly. A good partner will also help you consolidate your records and process; moving application materials to an online portal will help you keep track of strong candidates, easily search for records, and even open new doors to improve the company’s profit by facilitating the collection of data supporting work opportunity tax credits (WOTC).
Lastly, a technology partner will help you craft a social-media strategy. More than 3 billion people around the world use social media each month, with nine in 10 of the users accessing preferred platforms via mobile devices. Work with experts to create mobile-friendly messaging as well as target your audience on social media in a low-cost manner.
Recruiting the next generation of manufacturing workers won’t be an easy feat. But with a renewed approach to HR and talent management, the industry can find its future leaders.
Michael W. Brunner is Central New York market president and senior relationship manager of global commercial banking at Bank of America.
NY manufacturing index increases in November, showing expansion
The November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.” That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing
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The November reading of the Empire State Manufacturing Survey indicates “business activity continued to grow at a solid clip in New York.”
That’s according to the Federal Reserve Bank of New York which said the survey’s general business-conditions index rose 2 points to 23.3 in November. The index number is based on the responses from manufacturing firms.
A positive index number indicates expansion or growth in manufacturing activity, while a negative reading points to a decline in the sector.
The survey found 41 percent of respondents reported that conditions had improved over the month, while 18 percent said that conditions had worsened.
Survey details
The new-orders index edged down “just slightly” to 20.4, and the shipments index was little changed at 28.0, readings that reflected “moderate growth,” the New York Fed said. Unfilled orders were unchanged, inventories climbed, and delivery times continued to lengthen “modestly.”
The index for number of employees moved up 5 points to 14.1, and the average-workweek index climbed 9 points to 9.2, indicating increases in both employment levels and hours worked.
Input prices continued to rise, with the prices-paid index edging up 3 points to 44.5. The prices-received index was little changed at 13.1.
Firms expressed a “moderate” level of optimism about the six-month outlook. The index for future business conditions rose 5 points to 33.6. The indexes for future delivery times and future inventories both climbed above zero, “suggesting that businesses expect longer delivery times and higher inventories.”
The index for future prices paid reached a multiyear high, and employment levels were expected to increase in the months ahead. The capital-expenditures index increased to 24.8, and the technology-spending index advanced to 19.7.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.
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