Managing the Talent Crisis in Global Manufacturing
Strategies to Attract and Engage Generation Y
It’s hard to miss the rising voices of concern about an impending talent crunch, or the clamor for new talent management strategies to deal with it. But all these alarms strike an odd chord in any discussion of manufacturing.
On the face of it, productivity and output in manufacturing industries continue to grow even as manufacturing employment numbers drop in many countries. If layoffs, or reduced hiring, are the order of the day, then how relevant are concerns about talent shortages?
In fact, as our research reveals, talent management is fast becoming a major concern for the fundamental reason that available talent pools often do not match the global ambitions of manufacturers. Globalization, the relentless quest for productivity growth, and manufacturing’s increasing service orientation are driving demand for higher skills.