b'Lead AngleCTE SUBSCRIBERS STILL AT WORKW ith the official cancellation of IMTS 2020,company we use to collect data for the survey, I think this may be an appropriate timeSurveyMonkey, to increase the number of to share some good news regarding COVID- respondents. We paid SurveyMonkey to 19s impact on the industry. While not in thetarget members of its survey panels in the lighthearted vein of actor John Krasinskismanufacturing industry. In a matter of days, YouTube series, I am certain that the resultsSurveyMonkey delivered more than 200 from our 2020 Benefits and Salary Surveyadditional respondents.will lift your spiritsparticularly the dataThe thing is, pandemic-related results from gathered about the pandemic. subscriber companies are significantly better More than 97% of companies surveyedthan the data gathered from SurveyMonkeys among Cutting Tool Engineerings subscribersmanufacturing survey panels. Nearly 28% reported that they remain open for business.of respondents obtained by SurveyMonkey For the record, 103 companies that receivesaid their companies were shut down. Of the our magazine participated in the biennialcompanies that remained open, just 64% survey. Of those, 74 graciously answeredreported being fully open.optional questions related to the pandemic. Respondents obtained by SurveyMonkey In other words, just two companies hadreported a workload experience similar shut down due to the coronavirus. to that of CTE subscriber companies. Of the 72 companies that remained open,Unfortunately, 54% of SurveyMonkey 78% said they were fully open, and therespondents said their companies have had remaining 22% were open on a limitedto lay off or furlough employees due to the basis. pandemic.Although a clear majority remained fullyWhile CTE will provide a more detailed open, nearly half the companies said theirreport on these results in Augusts issue, I workload was down 40% or more. A fourth ofwanted to share some results now because respondents said business was down 20%. I hope they help you rise above the gloom In a glimmer of hope, 22% of respondentsand doom and realize that a great deal of the said business had remained about the sameindustry is still going to work every day and while 5% reported an increase in business. working hard.In addition, 76% of companies said theyWe all have roles to play in this industry. have not had to lay off or furlough employeesCTE will continue to do its part for companies due to the pandemic. Although that meansworking through the pandemic, which, again, that 24% have had layoffs or furloughs, I mustis nearly our entire subscriber base. Hats off to admit I expected those results to be the otherall of you.CTEway around.What makes these results even more hopeful, at least for subscribers, is thatabout the author we didnt limit the survey to subscriberDennis Spaeth is CEO and companies this year as we normally do. Topublisher of CTE. Contact ensure we would get enough respondentshim at 847-714-0176 or despite the pandemic, we turned to [email protected] 2020LeadAngle.indd 8 6/17/20 2:15 PM'