Tag Archives: U.S. Manufacturing

Veterans are Ready and Willing to Fill the Skills Gap

veterans skillsgap

Could the solution to the manufacturing industry’s skills gap be patiently waiting in plain sight? The possibility is appreciable when you consider the U.S. workforce has a ready demographic who possess prior experience working with technology and machinery. This is a group who is trained in precision, leadership and discipline. The demographic is veterans; a group former Defense Secretary Robert Gates calls, “one of the most underutilized talent pools in our country.”

Veteran’s Cross-Functional Skill Set

Teamwork

Responsibility

Perform under pressure

Trustworthy

Integrity

Comfort with diversity

Critical thinking

More and more companies are looking for ways to incorporate the hiring of veterans into their workplace, including hiring managers within the manufacturing industry who are discovering the cross-functional skills this group offers. Such benefits include prior experience working within defined processes and workflows while having the ability to improvise and apply critical-thinking skills. The group is experienced in working with technology and comfortable using frequent application of problem-solving and math skills, all which have complementary applications within the manufacturing industry.

Making the Transition

Despite possessing transferable skills, currently veteran-related employment lags that of the employment of non-veterans. This is due to several factors such as the need for buy-in from management before hiring and an experienced mentor/adviser who can translate Military Occupation Specialty (MOS) codes into comparable open positions within a company, according to the National Institute of Standards and Technology, U.S. Department of Commerce. Mentoring from former military personnel can also ease the transition as veterans move from military to civilian life.

Ready Pool of Candidates

2 million post-9/11 veterans

250,000 service members transition out of the military every year for the foreseeable future

1 million+ veterans currently in college

100,000 veterans graduate from college each year

Two-thirds of veterans will leave their first post-military job within two years

George W. Bush Institute

In addition to employing individuals who’ve been schooled in the transferable skills of leadership, flexibility, discipline and teamwork, companies who employ veterans can also take advantage of tax credits. The Returning Heroes Tax credit offers a maximum credit of $5,600/veteran hired, and the Wounded Warriors Tax Credit offers businesses hiring individuals with service-connected disabilities a tax credit of $9,600/veteran.

Future Investment

Manufacturing companies that are interested in exploring the hiring of veterans in their manufacturing operations are encouraged to host a booth at a local military job fair. This is a way to meet veterans face-to-face while increasing the visibility of manufacturing jobs that demonstrate the positive changes within the industry.

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The Manufacturing Industry has Reason to be Optimistic in the New Year

manufacturing new yearThe manufacturing industry is kicking off the New Year with cautious optimism. The GDP is expected to remain within the 2 to 3 percent range with a 2.5 percent increase in 2019 and 2.6 percent industry growth. 2019 is also the ninth year of economic expansion, the second longest in U.S. history, according to William Strauss, senior economist and economic adviser for the Federal Reserve Bank of Chicago.

The pace predicted for the manufacturing industry in 2019 is somewhat faster than that of other segments in the general economy with sales and revenue expected to grow. Part of this increase can be attributed to the health of the industry and an improving competitive position for the U.S. in the global manufacturing market, according to FABTECH, an exhibiting company that showcases what’s new in metal forming, welding, finishing and fabricating.

Not surprisingly, the industry’s top priorities haven’t deviated much from those of the past five years. Industry leaders, tasked with orders from boards and shareholders, will continue to look for ways to grow sales, cut costs and address talent gaps. What is new is a greater emphasis on the use of digital technologies to improve business and a changing focus on teaming artificial intelligence (AI) and the human element of business. Leaders surveyed in KPMG’s 8th edition of the Global Manufacturing Outlook report stressed the importance of looking at AI as a partnership with human intelligence. The blend of AI and the human element will put an increased focus on the need for extensive retraining and educating workers on new roles.

Impact of AI on Workforce

64% say it will create more jobs than it eliminates

36% say it will eliminate more jobs than it creates

Building Partnerships

Such an approach will require new partnerships that extend inside and outside the industry. Manufacturers will need to continue to look for ways to build up a pipeline for new workers. This will be necessary as more Baby Boomers retire from the industry, leaving an information drain that could be difficult to replace.

Companies will also need to build and maintain strong supply chain partnerships on more than a handshake and prior contracts. KPMG stressed that with the threat of cyber security it will be more important for a business to know who they are considering a partnership with. The safety of a company’s data will only be as secure as those connected to the data throughout the supply chain. This includes the use of intrusion detection and a firewall to protect the perimeter from outside attack, secure communications through a VPN or SSL, increased securing measures using intrusion-detection software and network elements and upgraded monitoring systems.

Other Possible Obstacles to Growth

Higher inflation

More stringent immigration policies

Tariffs impacting trade protectionism

NAFTA uncertainty

Rising borrowing costs

By applying a mindset of digital and embracing the human element of business, the manufacturing industry can continue to adapt to customer needs in a changing competitor landscape.

This article is brought to you by The Cleveland Deburring Machine Company. CDMC can provide a deburring solution for gears, sprockets, aerospace and defense, automotive deburring, power transmission, powdered metals, fluid power and custom deburring applications. 

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Let’s All Come Together to Celebrate Manufacturing Day 2018

MFG Day

Those who work in manufacturing understand continuing education is critical to demonstrate the career opportunities available as traditional manufacturing processes merge with technology. Yet, misconceptions about working in the industry persist. To combat these false ideas, those in manufacturing are offering individuals outside of the industry a personal look at what manufacturing means today.

 

National Manufacturing Day

Although National Manufacturing Day officially falls on October 5th this year, those who make their living in manufacturing understand it to be something worth celebrating each day. The first Manufacturing Day was started as an opportunity to highlight the positive elements of the industry to others and to dispel misconceptions. In October of 2014, President Obama signed a proclamation making National Manufacturing Day an official day recognizing the benefits and achievements of the manufacturing industry.

Inside View

Because of annual Manufacturing Day events, students and job seekers in the United States, have an opportunity to see the inner workings of the industry through factory tours, hands-on demonstrations and career-exploration panels. These efforts offer the next generation of workers and students an introduction to the current manufacturing environment.

In fact, 64 percent of students surveyed after attending a 2016 Manufacturing Day event came away feeling motivated to consider a career in manufacturing. Deloitte’s survey results show a potential 171,000 new members could join the workforce because of improved perceptions regarding the modernization of the manufacturing industry. This is an important step in filling the estimated 3.5 million manufacturing jobs between now and 2025, according to Deloitte.

Manufacturing Day also unites manufacturers in the U.S. in efforts to improve the public image of manufacturing, mend the skills gap and boost ongoing prosperity for the industry at large. During the month of October, manufacturers come together to address the industry’s collective challenges and to define the framework for the manufacturing industry moving forward.

Looking Forward

Officially celebrated the first Friday in October, this year’s occasion falls on Oct. 5 with additional events occurring throughout the month. During this time, manufacturers across the nation will showcase new industry technologies as they open the doors for factory tours, welcoming those outside of the industry to view manufacturing first-hand. To date, there are 387 Manufacturing Day events scheduled in the U.S. with 43 public and invitation-only events planned in Ohio.

Growth of the annual celebration is the result of ongoing efforts from the National Association of Manufacturers (NAM), the Manufacturing Institute (MI) and the National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP). NAM produces the annual event with support from the MI and MEP.

This article is brought to you by The Cleveland Deburring Machine Company. CDMC can provide a deburring solution for gears, sprockets, aerospace and defense, automotive deburring, power transmission, powdered metals, fluid power and custom deburring applications. Our no-charge application evaluation includes a detailed report and process description in as little as 3 to 5 business days. Contact CDMC today and speak with one of our experts!

 

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