Labor and Insights March 2019 eNewsletter
Labor and Insights March 2019 eNewsletter
By the Numbers: The Global State of Labor in Manufacturing
March 2019

By the Numbers: The Global State of Labor in Manufacturing
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The labor gap continues to grow



At 3.8 percent, the national unemployment rate in the U.S. hasn’t been this low since 2001. The low rate combined with a growing number of individuals who are retiring from the manufacturing workforce is creating a growing labor gap; Thomas Lee, head of Fundstrat Global Advisors, predicts a shortage of 8.2 million workers through 2027. Manufacturing jobs aren’t the most glamorous positions sought by new grads, and with fewer people seeking work, more factories will have openings on the line as these shortages continue.
5 Old School Recruiting Behaviors That Are Costing You Candidates
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Technology is only part of the solution

Today’s job seekers are more tech-savvy than ever before. This applies to virtually every candidate and role. Gone are days of walking in and applying in person – this approach has been replaced with the expectation of a personalized online experience that can be delivered entirely on mobile devices.

Tips For When A Key Employee Moves To A Competitor
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“Hope for the best but plan for the worst”

As with most things in life, you should hope for the best but plan for the worst in the event that a valued employee leaves to join a competitor. This article contains some helpful tips to keep in mind following such a move by a key employee.

Unlocking the Full Potential of Employees by Establishing Trust

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If businesses fail to act responsibly, they will lose the trust of their employees

Accenture (No. 61 on Fortune’s 2019 list of the 100 Best Companies to Work For) has just published a new research report The Trust Imperative: Decoding Organizational DNA, in which it says that businesses are waking up to a new source of business growth–the ability to unlock the potential of their people by using new technologies to secure vast amounts of data on work and the workforce.

This new data can help them create and scale new business opportunities. But Accenture says that just because companies can use this data does not mean they always should.