Connect Your Workers in Manufacturing

We are on the precipice of a big transformation in the manufacturing industry—one where the worker will need to work differently than ever before. The opportunities will be huge for both the workers and the organizations, but candidly if we aren’t prepared, we may have a rocky road to get there.

A Deloitte analysis of government data suggests there are estimated 1.9 million open positions that could remain unfilled in manufacturing due to the skills gap by 2033. Yikes. Open positions ultimately mean lost opportunities for manufacturing companies.

Andrea Masterton, vice president, marketing, Poka, an IFS Co., says there are a range of labor-related challenges the manufacturing industry faces today including employee turnover. Here’s the reality. Replacing a worker costs three times the annual salary and one hour of downtime is equal to $260,000 on average. We simply cannot have that much lost revenue in ...