Top 6 Career Trends Impacting Industrial Workers


Welcome to Thomas Insights — we publish the latest news and analysis daily to keep our readers up to date with what’s happening in the industry. Sign up here to get the day’s top stories delivered straight to your inbox.

Remote work, digital native jobs, the gig economy, and skill-based hiring have been on the rise in recent years. In addition, more people are leaving satisfying jobs in search of meaningful opportunities, and organizations are implementing initiatives to increase employee well-being, improve employee skills, and improve brand reputation. bottom.

The Bureau of Labor Statistics (BLS) predicts that the US economy will create 8.3 million jobs from 2021 to 2031.

Below are the career trends that most affect these industrial workers.

1. Technology development

Industrial businesses are currently benefiting from several technological breakthroughs, including:

  • Internet of Things (IoT)
  • 5G and edge computing
  • predictive maintenance
  • digital twin
  • automation
  • robotics
  • Additive manufacturing

These process innovations enable companies to streamline processes, increase efficiency, ensure worker health and safety, improve connectivity, and move closer to fully automated factories.

According to McKinsey, manufacturing has become one of the industries most impacted by automation, with more than 64% of global manufacturing activity believed to be automatable.

However, automation and other technologies will not replace human workers anytime soon. Instead, they increase the role of industrial employees and take on vacant jobs. Rapid technological advancements also increase demand for a variety of soft and specialized technical skills.

2. Labor movement

2021 will see 16 major strikes and lockouts, putting 80,700 workers out of work. The biggest work stoppages occurred in the health and social services industry, which put 45,400 workers out of work, and manufacturing, which put 16,600 workers out of work.

A few months ago, Guardian A warning article about “Striketober” has been published. This refers to a large number of workers threatening to go on strike in October 2022 after a surge in labor action protesting poor working conditions, low wages and a shortage of workers. Meanwhile, Cornell University’s labor behavior tracker recorded his 180 strikes involving 78,000 workers in his first six months of 2022.

A recent Gallup poll found public support for unions was the highest since 1965, at 71%.

3. Disappointed employees

In the aftermath of COVID-19, a significant portion of the workforce is on the verge of burning out. Many struggled to balance work and personal life, and some felt undervalued.

This has resulted in a massive labor exodus, dubbed “massive retirement”. By 2022, about 4 million Americans will be out of work each month. Manufacturing was not affected by this phenomenon either. washington post Manufacturers report a nearly 60% increase in retirements compared to pre-pandemic figures.

Moreover, a recent study predicts that by 2030, more than 2 million manufacturing jobs will remain vacant due to the widening skills gap.

Recently, the concept of “Quiet Quit” has become a hot topic. This buzzword describes the behavior of employees who are overworked, underpaid, or feeling burnt out. Healthier Work Life In hopes of achieving his balance, these workers have pledged to continue performing the required duties, but will not undertake additional duties. That means saying no to things like working long hours or compensating another employee.

Industrial companies seeking to retain top talent must invest in upskilling and reskilling programs, offer flexible work options, and prioritize employee well-being.

4. Aging workforce

Nearly a quarter of the manufacturing workforce is over the age of 55. So, attracting quality young workers is one of the biggest challenges facing the manufacturing industry today.

Only 11% of business leaders “strongly agree” that their students graduated from higher education with the necessary competencies. Perhaps that is why, as the World Economic Forum recently reported, more and more employers are removing degrees from their hiring criteria in favor of skills assessment.

Relaxing hiring standards can help expand an organization’s talent pool, improve workplace diversity, and ensure that candidates are recruited on the basis of merit rather than the privileges they enjoyed as a child. .

Industrial companies must also work hard to position themselves as the employer of choice for the next generation through more exciting career opportunities, generous compensation packages and strong brand value.

5. Remote work and the gig economy

COVID-19 has caused some pretty big changes in workplace culture. A recent McKinsey survey found that 58% of Americans have the opportunity to work from home at least one day a week, and 35% have the option to work from home five days a week. The move to remote work is certainly popular, with 87% of employees accepting the opportunity to work flexibly when the opportunity presents itself.

Flexible working has also created a gig economy, where organizations hire independent workers for short-term projects, or “gigs.” By 2022, the industry will account for one-third of the global workforce.

Today’s youngest workers are estimated to hold 12 to 15 jobs in their lifetime. Corporate employers will be better able to adapt to the changing culture by pursuing agile business models, embracing the gig economy, and even establishing an in-house gig economy.

6. Job creation

In the United States, the industrial sector is booming. In November 2021, President Biden formally signed his $1.2 trillion infrastructure bill into law. This will invest billions of dollars in infrastructure projects and create millions of jobs over the next few years.

The Inflation Reduction Act, which is intended to revitalize America’s manufacturing industry and is expected to create up to 9 million jobs, recently took effect. The law provides tax breaks for automakers that source or process at least 40% of their EV battery components in the United States or countries with which the United States has free trade agreements. This could be an incentive for automakers to rebuild their supply chains.

Image credit: Art_Photo / Shutterstock.com

Small businesses can drive success in 2023 with these solutionsNext Story »

More from Business & Industry



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *