04 Mar American Manufacturing is going through changes. Are you ready?
Posted at 13:50h
in Engineering
American manufacturing is going through changes. Are you ready? As we all know the world is changing rapidly. In order to compete as a profitable manufacturing business & as an employer able attract and keep talented professionals into manufacturing we have some data and suggestions for you below to help you prepare and compete.
Some background:
- There is a massive retirement process occurring. The Baby Boomers are a huge demographic. Aged 54-72, 2.7MM are retiring by 2020.
- Economic development is projected at 2.5% CGR, creating 700k new positions. The estimated shortfall of mfg. positions filled is 2.0MM.
- STEM programs are flat while growth in STEM related positions is expected to grow 40% by 2020.
- Manufacturing is dead last in terms of career choices among 19-33 year old. There is a huge perception problem.
- The tight labor market will eventually lead to inflation in pay in mfg. jobs.
What to do:
- Look at automation in advance of the need. Find ways to reduce reliance on labor for repetitive tasks.
- Get the dirt and grime work out of the process. Young workers generally aren’t interested in dirty jobs.
- Consult with companies who understand soft automation. Many tasks can be done with robotics .
- Build a relationship with community colleges. They can produce high tech employees to replace retiring boomers.
- Create mentoring and intern programs to invite young people, and change their perception of manufacturing.
- Revisit your website. It may be the first impression of your business to young workers.
- Commit serious training to your current work force in all related technologies.
For a full PPT presentation, email: info@rightstuffequipment.com