Manufacturers to Face Skilled Worker Shortage in the Future

Most CEOs will tell you that good workers are the key to a good business, but they are hard to find.  This is especially the case with the manufacturing industry.

According to government labor statistics, the manufacturing sector has added more than 730,000 jobs since the end of 2010 and expects to create several hundred thousand additional jobs by the end of the decade, according to industry analysts.

Additionally, according to the 2015 survey by the Manufacturing Institute and Deloitte, over the next 10 years, the United States will need to fill 3.5 million manufacturing jobs, and approximately 2 million of those jobs are likely to go unfilled due to lack of skilled employees.  The survey also shows that only 37% of parents would encourage their children to pursue careers in manufacturing, and 52% of teens say they have no interest in manufacturing jobs.

There are several ways to help narrow this gap in the future, including apprenticeships, student shop tours, community outreach and increased social media usage.  However, we all need to assist in dispelling the negative stereotypes about manufacturing jobs being dirty, low-paying, remedial jobs.  Manufacturing careers can be excellent, rewarding careers that are vital to overall economic growth.  With technological advancements and the new digital manufacturing age, many of the manufacturing jobs these days require some post-secondary training and significant problem-solving skills.  The facts are that the manufacturing industry needs a larger pipeline of good workers.

The question is what does the future hold for your workforce, and how is your company going to help close this gap?  Let us know!

Read other articles focused on the manufacturing industry in our blog, Our Thoughts On.

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The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on

The Landscape of Manufacturing: A Look Into the Past and the Future
Update: Tax Change to Receiving Advance Payments
When to Buy New Electronics? Now!
Skilled Labor Shortage in the Manufacturing Industry
Manufacturing's Workforce Crisis
Technology Trends in Manufacturing

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