Finding the right talent is hard and what’s more challenging is retaining that talent. According to Eremedia, two-thirds of companies will be facing an internal skills shortage in the next three to five years. And only 30% of employees are satisfied with the future career opportunities available within their organizations.
Unless you are engaging this talent by continually investing in development both at the time of on-boarding and throughout their career, they may leave the organization. High employee turnover and rehiring can be a time-consuming and costly process. Employers should try to identify employees’ needs and implement proper strategies to make employees feel valued and engaged enough to want to stay.
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Additive manufacturing, also known as 3D printing, represents a paradigm shift in the manufacturing industry by introducing innovation in engineering design and production. It has shortened design and manufacturing processes by helping companies streamline prototyping activities, alter supply chains, and evolve end-product manufacturing. This innovation in materials and technologies with respect to additive manufacturing demand new skills and capabilities, both technical and managerial. According to the Society of Manufacturing Engineers, 9 out of 10 manufacturers are struggling to find the required skilled workers. Moreover, 54 percent of manufacturers do not have a plan in place to address the skilled labor shortage which is impacting production, quality, innovation, and growth.
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Thousands of years ago duplicate metal structures were cast from an original sculpture by the lost-wax casting process. Investment casting is one of the oldest metal-forming techniques based on this lost-wax casting process. A beeswax pattern is coated with refractory ceramic material, which then hardens and takes the shape of the casting. The ceramic mold is then heated to melt the wax and remove it. Molten metal is then poured into the cavity. The metal solidifies and the ceramic mold is broken. This casting method allows the production of components with accuracy, repeatability, versatility, and integrity in a variety of metals and high-performance alloys.
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According to The Deloitte Millennial Survey 2016, 66 percent of millennials are expected to leave their organizations by 2020. Businesses must adjust how they nurture loyalty among millennials or risk losing a large percentage of their workforce. This will drastically affect the manufacturing industry which is already facing the skills gap. Millennials are the largest segment of the workforce, and for this reason it is all the more important for manufacturing companies to think of ways to curb this trend.
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Whether it’s a whole machine, a simple component, or a complete vehicle, fasteners are essential to the construction of these objects. The absence of fasteners in design and construction may lead to adverse consequences. Besides possible safety implications, fastener failure can represent a significant proportion of a product’s warranty costs.
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Creating the next generation of engineers and scientists is critical to any country’s economy, which demands more skilled workers and a wider range of available talent. It is estimated that over the next decade nearly 3.5 million manufacturing jobs will need to be filled as per the Skills Gap report by Deloitte in association with the Manufacturing Institute. The skills gap is expected to result in 2 million of those jobs going unfilled. As the foundation of economic success, manufacturing must work to close this gap.
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The manufacturing industry is ever-changing. One of the key drivers of this change is the emergence of new advanced technologies like additive manufacturing which is leading organizations to rethink their manufacturing processes. Shorter value chains, building custom parts, and replacing complex assemblies by simpler 3D printed parts are some of the major benefits of additive manufacturing.
Moreover, previously building lighter but still robust parts by traditional methods was not possible. In addition to creating prototypes, additive manufacturing is now being adopted to manufacture functional parts as well.
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People are a company’s most valuable asset. We may have advanced technology systems and automated processes to help drive manufacturing, but we still have the need for skilled employees, making employees the key for building a successful and efficient business.
Skilled employees are not easy to find. An organization may have to hire or invest in good training programs to help their employees develop skills which are required as per the changing requirements. Hence, it’s time for manufacturing companies to look at training programs not as an expense but as investment in human capital.
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Hermann Ebbinghaus, the German psychologist known for his contribution to the study of memory, suggested that after a month a learner can forget up to 90 percent of the content they learned. eLearning prevents this, empowering learners with the choice to easily revisit any lesson and refresh their memory.
Continue reading “Must-read Monday: The eLearning Digest”