In today’s IndeavorTalk, we’re diving into the heart of a key challenge of people operations, addressing skill gaps. We believe a robust skill management system integrated with a dedicated people operations platform like Indeavor can transform manufacturing enterprises. Manufacturing has been in a sustained period of continuous disruption over the past few years.
Many businesses have initiated a substantial reform of their existing processes and technologies, but this unpredictability is having a profound impact, not only on the demand for goods and services but on the availability of talent and skills. And for a growing number of employees, it’s become more important than ever to collect experiences and build a portfolio of work that matches their values and career purpose.
This is why skills are fast becoming the main talent-related currency in terms of hiring, workforce planning, and learning. At the core of every manufacturing facility are challenges that impact efficiency, productivity, and ultimately, their bottom line. The average US manufacturer is losing an estimated 11 percent of its annual revenue due to the skills gaps. That’s roughly 3,000 per employee per year. Still, even with this clearly identified problem, many manufacturing sites struggle with identifying and addressing skill shortages.
The challenges of identifying and addressing skill gaps can lead to scheduling nightmares. Even industry leaders struggle to get over these hurdles. In an ever-evolving industry, keeping up with the latest technologies and methodologies is crucial. One of the major challenges here is finding a way to tie skills to meaningful operational data. Adopting a generalized skill management platform can also just feel like adding more data points without obvious impacts on day-to-day operations.
Training managers and schedulers may create custom or in-house solutions rather than leveraging a dedicated skill management platform that they don’t feel is applicable to them. We’ve designed our operational skill management system to bridge this gap. Indeavor has a proven method of optimizing the utilization of your workforce.
We populate production demands, evaluate those production demands, and compare them to your employee pool to schedule people into the most critical jobs. And now, we’re directly integrating skills into this process. Every job within Indeavor will now be capable of having skill requirements, that determine which employees will be qualified for the position.
Employee skills will now be able to be stored, updated, and tracked within Indeavor. By seamlessly having employee skills automatically grant and remove qualifications, upskilling and reskilling your workforce will have an immediate impact on your planning process, and that will open new possibilities for both your employees and leadership.
Indeavor’s proactive approach to problem-solving and our explicit association of skills to positions, which will be made available to employees is a game-changing offering in skill management.
