The great resignation has affected manufacturing in a big,
big way. In February, the total overall hiring rate rose 4.1%, while
manufacturing rose 3.8%—and that’s the good news. On the resignation side, the
number of employees quitting manufacturing rose by 7%, far outpacing the
overall economy, where quits rose by 2.2%. The problem is particularly acute in
durable goods manufacturing, where the percentage of employees quitting rose by
a staggering 13.3%.
Discrete manufacturers have struggled to find and keep talent for decades, but the accelerated pace of employee resignations has left shop floors across the country understaffed—and the problem isn’t as simple as paying employees more or finding different and better sources of talent. In the aftermath of COVID-19, employees have become harder to find, making the competition for talent fiercer than ever. Other broad economic trends are also affecting the ability to find and retain talent. When hiring entry-level talent, manufacturers now compete with national retail and restaurant chains that have adopted higher minimum wages.
Can Adoption of New Technology Help Your Hiring?
The news isn’t all bad, though.
Discrete manufacturers have always struggled to keep talented employees. The great resignation may have accelerated the trend, but hiring has been a challenge long before COVID-19 was just a twinkle in some bat’s eye.
But things have changed.
Discrete manufacturers now have a greater capability to be more productive than ever, thanks to a new ability to access manufacturing intelligence that gives management and operators immediate insight into how productive each machine is. Through access to real-time analytics, management can better understand and identify the right balance between hiring and productivity.
The math is easy.
An improved machine utilization rate on one machine may mitigate temporary downtime on other machines in the event your shop is struggling to find enough employees. In fact, improvements in utilization rates and other key analytics may turn an understaffed shop floor into a more productive, higher-performing plant.
There is no sugarcoating: the labor market is tougher than it has been in a long time. For whatever reason, many employees appear to be taking an extended break from the workforce. Even employers that offer high pay and a robust benefits package are struggling to find the people they need.
And it’s a problem that isn’t going away soon.
Fortunately, there is a solution that can help.
Manufacturing Technology Purpose-Built for Your Business
Alora by Data Inventions is the manufacturing intelligence
platform that delivers. Discrete manufacturers that have adopted Alora have
seen machine utilization rates improve as much as 151% in the first few months
of using the platform.
You read that right. 151%.
An understaffed shop floor that experiences a 151% increase in utilization rates is a shop floor that is suddenly a lot more profitable, even with the temporary loss of a machine or two because of recent resignations. The even better news?
Data Inventions is offering our Prove IT pilot program to discrete manufacturers who want to see how Alora performs on up to five machines before adopting it for your entire shop floor.
For one low, fixed cost, discrete manufacturers can:
- Experience improved machine connectivity and data collection
- Use modern operator interfaces at your machines
- See real-time dashboard visibility
- Gain a full view of production performance
- Access training and support for operators using the pilot machines
You can’t always control your ability to retain employees. But you can create a more efficient, more profitable shop floor, regardless of who is coming and going.
And it starts with better manufacturing intelligence.