The manufacturing industry is facing increasing labor challenges from record low unemployment, competition over skilled technical talent and demographic shifts. A 2018 study by the Manufacturing Institute found that over the next decade, 2.4M of the 4.6M manufacturing job openings will go unfilled. While factory workers’ qualifications used to focus on manual dexterity and showing up to work on time, today’s smart factory workforce requires a skillset in technology and the ability to adapt to rapid changes.
Technology is also transforming traditional HR functions - such as hiring, training and benefits administration. Companies need to strategically redefine how they approach recruitment, training, retention and compensation models. Leveraging automation and artificial intelligence (AI) may be the pivotal point enabling HR to focus on the human side of the talent pipeline, rather than daily data record keeping. Learn more in the full article below, reprinted courtesy of OESA.