Learn how to tackle the skills shortage and stringent compliance needs in Manufacturing.
Manufacturing organizations are tasked to meet stringent regulatory requirements in all global markets where they operate, and deliver high quality products while maintaining a productive and cost-effective workforce.
To address the skills gap, manufacturers not only have to find workers with the skills required to meet today’s and tomorrow’s advanced manufacturing requirements, they must also continually develop and engage their existing workforces.
1. 7 out of 10
reported shortages
of workers with
adequate technology,
computer, and
technical training
skills.
Executives …
In addition…
executives believe the skills gap
impacts the ability to:
• provide effective customer
service 69%
• innovate and develop new
products 62%
• expand internationally 48%
HOW TO TACKLE THE SKILLS SHORTAGE AND STRINGENT
COMPLIANCE NEEDS IN MANUFACTURING
believe the skills
gap will impact
their ability to meet
customer demand.
82%
believe the skills
gap will impact
their ability to
implement new
technologies.78%
AGREE
internal employee training
& development programmes
are among the most
effective ways to remedy
the skills gap problem.
94%
(Source: Deloitte and the Manufacturing Institute:
The Skills Gap In U.S. Manufacturing 2015 And Beyond)
81%
of US manufacturers
say internal training
& development is
extremely or very
important to mitigate
existing skills shortages.
REDUCED
EARNINGS
of US manufacturers
face reduced earnings
due to increased
production costs and
revenue losses.
11%
(Source: Accenture and the Manufacturing Institute, 2014 Manufacturing Skills and Training Study: Out of Inventory –
Skills Shortage Threatens Growth for US Manufacturing)
for Manufacturers
Challenges
Workforce
What to do?
» Implement personalised learning
programmes to rapidly train new
talent for technical roles.
» Offer dispersed workforce ways
of taking training such as mobile
for performance support or offline
learning.
» Engage new generation employees
in innovative learning experiences.
» Ensure that staff, suppliers &
distribution partners can deliver
products, which meet the highest
quality standards.
MORE
THAN
report a moderate to
severe shortage of
skilled resources.
75%
2. HOW TO TACKLE THE SKILLS SHORTAGE AND STRINGENT
COMPLIANCE NEEDS IN MANUFACTURING
Organisations that spend a higher %
of their IT budget on compliance reduce
negative consequences and
non-compliance costs.
Your company can be responsible for the poor product
quality, safety failure, and non-compliance of your supplier.
(Source: Deloitte Extended Enterprise Risk Management Report.)
AVERAGE
COMPLIANCE COST: $3.5 million
AVERAGE
NON-COMPLIANCE COST: $9.3 million(Source: The True Cost of Compliance, The Ponemon Insititute 2011)
People-centric
manufacturing =
companies need to invest in their
employees to make sure fewer
people will be able to do more
every day.
$3,000
in training each new hire.
Manufacturers invest
approximately…
$1,500
in training each employee.
Reputation is important…
25%
of a company’s
market value is
directly attributable
to its reputation.
ON AVERAGE
87%
of executives
rated reputation
risk as more
important than
other strategic
risks.
88%
of executives said
their companies
are explicitly
focusing on
managing
reputation risk.
(Source: Deloitte Touche Tohmatsu Limited’s 2014 Global
Survey on Reputation Risk)
www.NetDimensions.com
for Manufacturers
Challenges
Workforce
What to do?
» Calculate Return On
Investment (ROI) for your
training investment.
» Analyse your data by
business dimensions.
» Use robust analytics
solutions to calculate
aggregated values
on the fly.
» Create customised learning
portals for different users.
» Automate processes by
being proactive and always
prepared for compliance
audits.
» Implement a central solution
for compliance training and
certification management.
» Centralise reporting tools
for a complete view of the
whole extended enterprise.
» Track health & safety training
and certifications.
» Take an integrated approach
to third-party risk
management.
» Maintain consistent product
and service quality by
managing training from a
central point.
Be audit-ready across
all of the markets
where you operate
(Source: Accenture and the Manufacturing
Institute, 2014 Manufacturing Skills and Training
Study: Out of Inventory – Skills Shortage
Threatens Growth for US Manufacturing)