Today's post comes to us from the executive director of The Workforce Institute, Dr. Chris Mullen, Ph.D., SHRM-SCP, SPHR.
We've got some interesting new research that finds that although many manufacturers are emerging from the COVID-19 pandemic on solid footing – with more than half achieving year-over-year growth (54%) – a mounting skilled-labor shortage threatens to delay the sector's full recovery.
Featuring year-over-year comparisons to a similar study completed by The Workforce Institute before the pandemic took hold, the 2021 research explores linkages between understaffing, overtime, employee burnout, absence, and turnover, as well as strategies bolstered by people-centric technology and used by manufacturers throughout the COVID-19 pandemic to overcome these barriers to business success.
A few key findings:
The Manufacturing Talent Gap Grows Wider
Understaffing is a Significant Problem
Investing in the Workforce to Close the Talent Gap
Workforce Institute board member John Frehse weighed in on the findings, noting, ”œAs shockwaves continue to reverberate through the supply chain, employees are being asked to be more agile than ever. As exhausted as we all are right now, there is no better time to assess what has happened, develop the right labor strategies to protect the emotional well-being of employees, and make our companies more resilient for the next big disruption. It is not a question of if it will happen again, but when.”
Check out John's recent post on Panic in the Supply Chain.
You can also read the full report here: The Resilience of Manufacturing: Strengthening People Operations and Bridging the Talent Gap Amid Crisis.
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