A notable decrease in appraisals, reflects the manufacturing sector’s evolving dynamics and the mounting challenges it faces.
The manufacturing industry witnessed a substantial reduction in appraisals for the fiscal 2023–2024, highlights an executive search firm’s report.
According to the report, the average assessments in the manufacturing industry have decreased from 11.5% in 2023 to 10.1% in 2024. This decline underscores the economic pressures and shifting priorities within the industry.
Source: People Matter
