Rock Hill Manufacturing and Warehouse Workers Receive Wage Increases
Latest Wages and Benefit Survey Marks Uptick in Employee Wages
In a significant development echoing economic growth, a recent survey has revealed that manufacturing and warehouse employees in Rock Hill have been witnessing a steady upward tick in their wages over the past five years.
The annual wage and benefit survey released by York County Economic Development gathered data from 63 companies in Rock Hill, predominantly manufacturing and distribution firms with at least ten employees. The report found that the average entry-level hourly wage has seen an increase of just over $1 or a yearly growth rate of 7%, based on the surveys from the last five years. In addition, the annual wage increase has averaged around 5% over the same period.
The survey succeeded in capturing strategic data, irrespective of representing only half of the 135 companies it reached out to. Notably, it marked a 10% surge in participation compared to the results in 2023.
Varied Wage Changes in Selected Occupations
Among the entire gamut of occupations represented in the survey, production managers and machine operators have experienced the most significant wage growth with a 32% increase since 2019. Conversely, metal treatment operators have suffered a considerable wage loss of 27% within the same timeline, representing the most significant dip among 20 occupations highlighted in the survey.
Consistent Economic Development despite Hurdles
Despite some challenges, including the closure of Stanley Black & Decker’s power tools plant which resulted in the loss of nearly 200 manufacturing jobs, the future outlook remains positive. York County is anticipating the arrival of Pallidus, a silicon carbide wafer semiconductor manufacturer, relocating from Albany, New York. Expected to bring along 400 jobs, the company’s move to Rock Hill was confirmed with incentives granted by the county and the state in February 2023.
In addition, Fort Mill is preparing to welcome an additional 800 jobs at a solar panel manufacturing plant established by Silfab Solar. Even though local residents have expressed concerns due to its location, the company is forging ahead with its operation. Once in full swing, Silfab will stand as the county’s second-largest manufacturer.
Emerging Trends in Job Openings
Another key takeaway from the survey was the notable decrease in overall job openings, hinting at employers filling vacancies more efficiently and potentially improved retention rates. Jobs openings have overall witnessed a sharp 65% decline from last year, with administrative, clerical and management positions being the hardest hit.
Against the backdrop of the shifting economic scenario, these encouraging trends in wage growth and job openings posit a promising future for Rock Hill’s manufacturing and warehouse sector.
