1/24/2018 0 Comments Colorado Business Growth ProspectsWhen it comes to job growth, the annual forecast show Colorado ranking high in the top 10 states, which makes it a very good place for people in search of career and business growth opportunities. In these circumstances, there is no wonder that Colorado has one of the fastest rates of population growth in the country. This year, it added almost 100,000 people and reached a total of 5.5 million. Business growth prospects were visible in most sectors, except for natural resources and mining. Construction sector was the most active, with a job growth of almost 6%. The industries with the most significant contribution to job gains in 2018 are expected to be professional and business services with an emphasis in custom packaging Denver services, trade transportation and utilities, as well as education and services. Together, they will add almost 30,000 jobs. Higher prices for natural gas and oil will also make natural resources stronger. Trade employment will grow too, in 2018, in spite of e-commerce. However, there is a problem that everyone is talking about: the aging workforce and the insufficient number of skilled workers to fill all the existing jobs. Even so, Colorado will remain among the top 10 states with the most significant business growth prospects and will continue to be the envy of many other states.
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The manufacturing industry in the United States used to have great productivity, but the recession weakened it, just as it weakened most other sectors of the economy. During the last couple of years, the state of Colorado witnessed its revival; however, one problem still exists: a significant shortage of skilled workers. Due to this fact, it should not be too difficult to find a job in manufacturing, these days, as companies keep running advertisements and do their best to attract employees. Businesses such as a Colorado label company are experiencing growth in meeting the demands of the manufacturing companies. About 20% of the existing jobs in the manufacturing sector require no skills; for the rest, you will need vocational training or better and an associate’s degree that can be acquired in a few years. Payment will be higher for workers with specialized certification, so education must not be neglected. Additionally, a candidate for a manufacturing job should have the following personal qualities and skills:
As an employee of a manufacturing company, you will work in a demanding factory setting, with potentially dangerous equipment, so you will not be allowed to put the working environment at any risk.
Workers in the manufacturing industry often work in teams, so they must operate as such.
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Aging workforce and the fact that young people are not attracted anymore to the manufacturing sector primarily cause this situation. Career guidance provided by parents and school counselors alike is college-oriented, even if college is not for everyone and should not be emphasized as the only favorable career choice. If the manufacturing industry wants to attract more workers in the future, it must work on cleaning up its image. Look to a eco friendly Denver packaging company to provide wonderful training and learn more about the logistics of manufacturing jobs. Technical colleges must be encouraged and manufacturing companies should find ways to collaborate with them, developing apprenticeship programs and bringing young students in direct contact with job opportunities that they probably did not even know existed. In the same time, manufacturing companies should improve their organizational culture, by adopting new measures to meet the needs of the new generations of workers: better working conditions, better communication, better career opportunities (opposed to mediocre job opportunities to make a living for the time being) etc.
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According to the Department of Commerce, the manufacturing industry keeps growing at a steady pace. Since the recession, manufacturing output has increased with almost 40% in Colorado and keeps adding new jobs every year; this aspect, as well as the rate of population growth in the state, puts manufacturing companies in the position to keep recruiting in order to fill vacant positions. What is interesting to observe is that the manufacturing center of gravity tends to move from traditional areas (Pueblo and Colorado Springs) to the north: metro Denver area, Greeley and Fort Collins are seeing the manufacturing sector becoming more and more important. In metro Denver and in Greeley, it rose with almost 4% last year, while in Fort Collins it rose with over 6%. Specialist identified that this year, the priorities for manufacturing companies in Colorado included cutting operational costs , seeking new markets and strategic planning for short term. In order to keep growing in the future, they must also focus on continuously improving their operational infrastructure. Take for instance packaging companies looking to expand their flexible packaging options to help reduce cost for their clients which also helps the environment. In 2018, sectors like high tech and construction supplies are expected to do better than others, but overall, specialists estimate that the manufacturing industry in Colorado will reach the production levels that used to exist before the recession.
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