How to Attract Talent to Industrial Facilities
If you're coming up short on finding enough workers for your industrial facility, you're not alone. Let's look at ways to attract (and retain) more workers.
A recent study conducted by the consulting firm Deloitte in partnership with The Manufacturing Institute has confirmed this looming gap between the number of jobs and the number of available workers to fill them. The report projects that the manufacturing industry will create 700,000 new job positions in the coming decade; however, about 2.7 million workers are expected to retire during this time period, leading to a shortage of as many as 2 million manufacturing workers.
The potential cost of industrial facilities is large. In a study conducted by Accenture for The Manufacturing Institute, acute worker shortages could drive down the earnings of the average US manufacturer by as much as 11%.
If you haven't done so already, now is the time to assess the projected hiring needs for your industrial facility. Can you maintain equilibrium as more and more of your Baby Boomer workers retire? Will you be able to hire enough workers to fulfill your strategic plan? What about future growth?
If you're coming up short on finding enough workers, you're not alone. All across the country, from Chicago to Florida and Iowa, employers across all industries are finding it difficult to fulfill their open positions.
In times past, good industrial jobs were kept in the family – sought-after jobs were often passed from one generation of family members to another; indeed, many companies boasted that they employed third or even fourth generation workers at their facilities.
But times have changed. Whether it's due to widespread off-shoring of American manufacturing to Asia or uncertainties caused by a major restructuring that took place as a result of the Great Recession that began in 2008, younger generations of workers have, by and large, rebuffed long-standing tradition and shunned employment opportunities at industrial facilities.
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