New at EEF - there were a lot of different discussions taking place in the policy team and blogging for the first time I am sharing what I learned over the 4 weeks about the manufacturing industry.
Hello, my name is Megha Desai, I have recently joined EEF as a Researcher in the policy team. A bit on my background, I studied Politics and Business Studies for A Levels and then went onto doing Information Systems as my degree, I have worked in higher education previously in a similar role.
Joining a new industry can be overwhelming at a first glance, however when I joined EEF’s policy team, there were already a lot of new and old discussions that led me straight into the manufacturing sector within the UK and how it is affected by the existing and changing policies along with the new government that came into charge in May 2015.
I am therefore dedicating my first blog as a vision to manufacturing from the perspective of a newbie:
1. EEF – The voice of manufacturers:
First and foremost is the organisation. EEF was formed in 1896; the original purpose of EEF was to form collective action to protect individual firms and local associations.
In November 2003, EEF rebranded itself from the ‘Engineering Employers’ Federation to ‘EEF The Manufacturers’ Organisation’.
2. Manufacturing facts gathered:
Manufacturing remains a highly innovative sector, EEF Innovation Monitor survey shows 95% of respondents engaged in some form of innovation in the last three years. (source)
84% of manufacturers see the UK’s reputation for quality products as an advantage to being in Britain. (source)
In 2014 the value of UK manufacturers’ product sales was £362.3 billion, a 2.2% increase on the 2013 estimate of £354.5 billion. (Source)
Companies in Britain’s manufacturing industry employs 2.6 million people. (Source)
The average earnings in manufacturing (£30,900) is 13% higher than the average earnings across the UK economy (£27271). (Source)
3. Women in Manufacturing and Engineering:
There has always been discussions around the number of women in senior management and whether females are paid the equal amount as males. One of the things I heard when I first joined was the celebration of ‘National Women in Engineering Day’. A blog by Verity, reveals the number of girls gaining physics GCSE A* to C is now almost equal to the number of boys. Woman now account of 23% of board seats in FTSE 100 manufacturers, according to EEF’s Woman in manufacturing report.
4. Productivity – how it affects manufacturing: when the new budget was announced by George Osborne, improving productivity was said to be part of the biggest challenges for UK. The manufacturing sector in general, is performing rather well, recording a higher level of productivity when compared to other services. According to the a recent EEF report (Manufacturing a solution to the productivity crisis), manufacturing productivity, as measured by output per hour, has increased twice as fast as in the whole economy – 2.8% compared to 1.5% as shown in the cart below. Levels of output per job are also a fifth higher, according to official data.