- Jul 9, 2017
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First the article:
The way Americans think about blue-collar manufacturing work is a bigger threat than robots
Snap-on's CEO Nick Pinchuk is featured in the article. His ideas concerning manufacturing in America is certainly not mainstream but should be. The article ends like this:
“If you’re the head of a company and you say that people are your most important asset, on occasion you have to act like it,” he said. “My senior leadership team needs to know that employees are the most valuable asset.”
He sees an employer’s basic responsibility in straightforward terms: giving employees the ability to keep their family safe, warm and dry; paying them well; giving them stability.
In addition to not laying off any employees since “well, before the recession,” Snap-On has been giving 3% annual raises. “Not huge,” Pinchuk said, but it is an aspect of compensation that the company thinks is critical to make sure it remains consistent.
The final aspect of work Pinchuk believes is critical, and often not associated with the manufacturing work that only 30% of Americans want to do, is meaning.
“You need to give people a reason to feel good about themselves and what they are doing. We tell people they are making some difference, we are the people of work, help working men and women, the makers and fixers who create society. We hold that dear. It is kind of dramatic, but our people believe it. We have people who put wrenches in the hands of newborn babies because they believe it will influence their lives forever.”
It is a simple concept. It is too bad it isn't a mandatory part of capitalism because without that, it doesn't have a snowball's chance in hell of wide-spread adoption in America.
The way Americans think about blue-collar manufacturing work is a bigger threat than robots
Snap-on's CEO Nick Pinchuk is featured in the article. His ideas concerning manufacturing in America is certainly not mainstream but should be. The article ends like this:
“If you’re the head of a company and you say that people are your most important asset, on occasion you have to act like it,” he said. “My senior leadership team needs to know that employees are the most valuable asset.”
He sees an employer’s basic responsibility in straightforward terms: giving employees the ability to keep their family safe, warm and dry; paying them well; giving them stability.
In addition to not laying off any employees since “well, before the recession,” Snap-On has been giving 3% annual raises. “Not huge,” Pinchuk said, but it is an aspect of compensation that the company thinks is critical to make sure it remains consistent.
The final aspect of work Pinchuk believes is critical, and often not associated with the manufacturing work that only 30% of Americans want to do, is meaning.
“You need to give people a reason to feel good about themselves and what they are doing. We tell people they are making some difference, we are the people of work, help working men and women, the makers and fixers who create society. We hold that dear. It is kind of dramatic, but our people believe it. We have people who put wrenches in the hands of newborn babies because they believe it will influence their lives forever.”
It is a simple concept. It is too bad it isn't a mandatory part of capitalism because without that, it doesn't have a snowball's chance in hell of wide-spread adoption in America.