The nature of the work done by manufacturing organizations has fundamentally changed. With more and more processes relying upon technology, manufacturers need employees who are highly skilled in technology, data science and engineering. Manufacturing innovation is a key component of economic growth and success. It leads to higher levels of productivity, efficiency and progress.
The manufacturing industry is constantly undergoing a period of change. This continuous transformation means that manufacturers need to keep innovating in order to stay relevant and ahead of the game. There are five ways to drive innovation in manufacturing:
1. Transition to the Future of Work
Manufacturing organizations need to meet the demands of the new, millennial-led workforce. That means understanding how work is being done today and how it will be done tomorrow. Manufacturers that look ahead to understand how work will be done in the future and how to meet the needs of the future workforce will see that they are more prepared for future changes in the type of work being done.
2. Create the Simply Irresistible Experience
Employers should focus on five strategies which are meaningful work, supportive management, a positive work environment, growth opportunities and trust in leadership. By prioritizing employee engagement and satisfaction through a simply irresistible experience, manufacturers will likely attract and retain the skilled talent they need.
3. Optimize the Human Capital Balance Sheet
Human capital is one of the biggest elements of any profit and loss (P&L) statement. By proactively managing the human capital balance sheet and developing processes focused on value, manufacturers can drive long-term positive results, both for the bottom line and for talent management and retention.
4. Activate the Digital Organization
With a digital organization and mobile, online, easy-to-use systems, manufacturing organizations can optimize their HR efforts and meet the demands of their employees. Automated digital tools can enable a steel building maintenance company to predict when future issues could arise, indicate where people need to be better trained, open communication between staff and managers and facilitate the ability to quickly disseminate information to the entire company.
5. Sustain Organizational Performance
In order to reduce turnover and improve employee retention, you must sustain the new organization and its high performance. Manufacturers should consider becoming ever adapting and growing, just like their employees. It is important for today's employees to feel motivated, appreciated and engaged. The flexibility and technology that they experience every day in their personal lives must also be available to them in their careers.
Wrap Up-
Manufacturing is at an interesting crossroads where innovation in industry is decreasing the amount of human power needed to operate a facility. Manufacturers must step up to meet the demands of their new workforce by establishing a digital workplace.
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