Posted on 07/10/2018 2:14:36 PM PDT by 2ndDivisionVet
Manufacturing executives in the United States and other developed economies – whether involved in the production of automobiles, aircraft, trucks, or combines – agree: The single biggest threat to their operations over the next decade is a shortage of labor. The reason behind the gap relates to demographics; an oversized generation – baby boomers – is starting to retire, and not enough of the next three generations are interested in taking their place.
Most people think this deficit is concentrated in skilled labor categories, and there’s no doubt that finding candidates with the right training for certain jobs is part of the problem. But the shortfall is affecting many employment categories – skilled and unskilled labor. Rather than a skills gap, the manufacturing world is facing a numbers gap – literally there aren’t enough eligible candidates applying for most job openings.
This means any solution aimed at shrinking the gap must go beyond offers of more training and focus on retention as much as recruiting. Companies must figuratively begin to build a “moat” around the current workforce, making it difficult for other employers to lure workers away with more attractive compensation offers. Retention is just as important as recruitment, given the cost of hiring and training a new worker, which can run anywhere from $500 to $5,000 per worker – a number which doesn’t include the negative impact to quality and efficiency from the incorporation of new workers who are less familiar with the product and processes....
(Excerpt) Read more at forbes.com ...
Pay more or STFU.
When illegal immigrant labor stops depressing wages, then companies have to hire Americans and pay what’s needed to keep good workers.
More winning!
Winning. After about 20 years of fairly stagnant wages and less and less opportunity, it is about time we paid some
Americans to work.
I would bet that for any reasonably large manufacturing company, HR and compliance-type workers get paid far more than anyone actually responsible for getting quality product out the door.
Michelle Obama (vice president of community and external relations) salary that year (2005) was $316,962. (The University of Chicago Medical Center)
Where all those robots that were going to take all the jobs, and the people would have to get a guaranteed income from the government in order to survive?
Translation - keeping the negro "community organizers" off their back. Like the storekeepers in Little Italy have to pay protection to the mob.
By the way - what happened to MO's law license....
Blue collar have been getting white collar treatment for a long time thanks to unions. They’re spoiled rotten and indeed would demand more money for less work.
Wrong! less than 10% of the manufacturing workforce is in a union. And that is DROPPING every year. You are fighting the last war.....
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