"Retain, retrain, recruit." Digitalization creates amazing opportunities for businesses to become more efficient and employees to learn new skills. There are serious concerns about the manufacturing labor force not being skilled enough for these changes - but there is a solution! IndustryWeek said, "The industry can invest in multigenerational employee retention and retraining programs to strengthen and elevate their in-house team." They suggest focusing on retaining employees with benefits and initiatives, retraining those who can be moved to a different position, and recruiting in the younger populations!
Manufacturing companies (along with companies in other industries) need to work with their local education and training institutions to ensure a sufficient focus on STEM subjects and other relevant curriculums that ensure young adults graduate with the skills necessary to get and retain quality, well-paying jobs.Lastly, manufacturing companies can deepen the prospective employee talent pool by working with educational institutions and training centers to ensure children, teens and young adults are prepared for jobs that require science, technology, education and math skills.Read More