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.
Interest in apprenticeship programs is rising, and a number of initiatives are focused on launching and maintaining them.
Middle market companies across industries are having difficulty filling open positions, particularly those requiring skilled labor.
In a tight labor market, companies are offering a range of benefits and incentives to address the need for a qualified workforce.
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.
Expats have concerns with new assignments, not the least of which are tax issues. Advance planning can minimize issues down the line.
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News, trends, and insights for manufacturing and distribution executives.