State officials announced this figure yesterday in a release from Gov. More than 6,600 small businesses and nonprofits in Wisconsin have been approved to receive Main Street Bounceback Grants. “But I think there’s so much more we can bring to the world.” We could continue to do that, and we’d be happy to do that,” he said. “As a company, to say we want to just be a manufacturer in Wisconsin, I guess that would be good enough. He noted those 10 most recent acquisitions have all been operating in the emerging energy technology field. Generac also recently renovated its headquarters in Waukesha County and now offers more work flexibility for employees, he added.Īlong with hiring efforts, he also touched on the company’s move towards other energy technologies such as battery storage. That includes getting the Generac brand onto one of the Summerfest stages in Milwaukee, as well as getting more involved at the community level in both nearby Milwaukee and Dane County. While the company’s upward trajectory remains a major selling point to prospective employees, Jagdfeld said, the business has expanded its strategy. That won’t get people in the door the way that it might have before,” he said. “We used to kind of say, well we pay on the low side of market but we make it up with growth and opportunities. He explained market-standard compensation and benefits have become “table stakes” for the industry. “And so what are we doing to do that? We’ve had to really up our game, and we’ve also had to up our profile.” But our big challenge is we’re trying to grow … let’s be honest, it’s a competitive environment,” he said. “It’s been really difficult to recruit and retain people, even if we were just trying to maintain a static level of people. Generac has made 28 acquisitions in the past decade, including 10 in the past three years alone. Jagdfeld noted over 2,000 of those workers were hired in the past year and a half as the business pursues an aggressive growth strategy. Generac, which manufactures backup power generators, is nearing $5 billion in sales this year and currently employs more than 10,000 people. The president and CEO of Generac Power Systems says the Waukesha-based manufacturer has had to “up our game” to attract talent in the competitive job market.Īaron Jagdfeld discussed the company’s talent acquisition and retention strategy this week during a breakfast event hosted by the Capital Times in Madison. “We still have a classic seller’s market, but it will begin to soften that market the longer those rates stay as high as they are,” he said. WRA’s August report shows the average 30-year fixed mortgage rate rose 83.8 percent over the year, from 2.84 percent in August 2021 to 5.22 percent in August of this year. He also explains the effect of inflation expectations on mortgage rates and the perspective of lenders on the current landscape. “And it has been certainly keeping sales volume down, at least over the last year.” “We’ve been experiencing the tight supply for quite some time, and that’s been pushing prices up,” he said. Clark discusses several factors playing into that change, such as higher mortgage rates and limited supply of homes. Still, he notes last year saw record home sales in Wisconsin, so it’s no surprise that this year is failing to keep pace with 2021. “It’s clear that we are not keeping pace in terms of sales with August of last year, and even on a year-to-date basis - looking at the first eight months of 2022 versus the first eight months of 2021 - we are below that pace of last year,” he said. This week’s episode of “WisBusiness: the Podcast” features Dave Clark, the executive associate dean and professor of economics at Marquette University.Ĭlark, who consults with the Wisconsin Realtors Association on the group’s monthly reports, shares insights on the latest data and trends in the state’s real estate and housing market.
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