The future is bright for U.S. manufacturing in many ways. Manufacturing remains a major factor in U.S. economic growth, and the value of foreign direct investment in the sector is high, according to the U.S. Department of Commerce.
To take advantage of these opportunities, however, manufacturing companies need talent. They must address the realities of an aging workforce and the pressures of continuous innovation and technological advancement. Finding and keeping the right talent remains an ongoing challenge for U.S. manufacturers.
Talent Management in Manufacturing: Challenges and Opportunities
One of the biggest challenges ahead for manufacturing companies is finding talent. While projections indicate that U.S. manufacturers will need three to four million new workers by 2030, they may fall short by up to two million workers, writes Mary Josephs, founder and CEO of Verit Advisors.
Why are manufacturers struggling to find workers?
Much of the problem boils down to persistent misunderstandings of the nature of manufacturing jobs, Josephs explains. For example, public perception of manufacturing work often fails to account for modern safety standards or annual wages that are often higher than the U.S. median income. Manufacturing companies often have work to do when it comes to educating the public about
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