Making Talent and Industry 4.0 Tech Work Together

Talent Management Solutions for Manufacturing

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Facing roughly half a million open jobs, a staggering 77% of manufacturers in the United States expect current problems with talent acquisition and retention to continue into the future. To help close the skills gap, more than three-quarters of executives plan to increase their investments in Industry 4.0 technology. But more than 60% of manufacturing work activities worldwide can’t be automated, so don’t expect the robots and cobots to do it all. Human help is still needed at every job level. With the industry’s ever-shifting needs for hard skills, it’s imperative to find people who have the innate qualities to interact with the technology — today, tomorrow, and even 10 or 20 years from now.

Manufacturing_2.1 Mil Unfilled

2.1 million


The number of manufacturing jobs (for humans) expected to be unfilled by 2030

Manufacturing_1 Trillion Cost on US economy

$1 trillion


The estimated cost of the manufacturing skills gap to the U.S. economy by 2030

How We Can Help

Diversity

Improve Diversity, Equity, & Inclusion

Manufacturing lags other industries in DE&I. Women, for example, make up half of the overall workforce but only 30% of the manufacturing workforce and just 16% of corporate positions. Worse, one in four is considering leaving her job. Using personality in your talent strategies can help build and retain a diverse workforce, plus create lasting cultural change so employees are included and heard.

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Maximize Soft Skills

Soft skills are the pathway to filling future roles. In fact, adaptability is the quality your competitors most desire for their workforces. Whether you need to find diverse candidates with leadership skills for your succession pipeline, identify dependable entry-level staff to minimize attendance issues, or create a safety-conscious culture and achieve sustainability objectives, we have decades’ worth of personality data that can help.

Retain

Improve Employee Retention

The average manufacturing plant sees 37% turnover and absenteeism — more than 10 times the U.S. average. Using well-validated personality tests, we can help you finetune your talent acquisition and development strategies to boost retention by as much as 174%. Plus, employees will cultivate strategic self-awareness starting on the first day, bringing their career goals (and your production goals) much closer.

Industry Spotlight: Manufacturing

Between the manufacturing skills gap, the ongoing effects of the COVID-19 pandemic on labor and supply chains, sky-high turnover, and questions about how Industry 4.0 will change talent requirements, the industry is facing historic challenges. But they’re not insurmountable. Proven strategies for talent management can give manufacturers the means to compete for top talent with businesses from other sectors.

As an international authority in the science of personality and a provider of evidence-based solutions for talent acquisition and development, Hogan has been partnering with organizations in manufacturing for decades to help them solve problems and achieve their goals. Check out a few examples of our work to learn more about how we can help.