The lack of skilled workers remains a challenge that is limiting growth. Attracting capable personnel, balancing their benefits and costs, and training younger employees as older workers retire are among the continuing workforce challenges manufacturers are facing. As a consequence, many firms are collaborating with local colleges, trade schools and high schools on training programs to nurture a workforce that can provide the skills they need for future growth.
Cutting-edge digital technologies are disrupting conventional approaches to both production and workforce needs.
In three key areas—employee training, safety and engagement―some companies have reaped positive returns on investment.
With much of the manufacturing workforce set to retire soon, companies that make work more personally satisfying will reap the rewards.
As workforce turnover surges, organizations must implement strategies to retain knowledge and evaluate opportunities to drive change and efficiency.
Expatriates have concerns with new assignments, not the least of which are tax issues. Advance assignment planning can minimize issues down the line.
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News, trends, and insights for manufacturing and distribution executives.