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Did you know that the manufacturing industry in the United States experienced a staggering growth of 17.2% in employment from 2021 to 2023? This rapid expansion brings both opportunities and challenges for manufacturers, especially when it comes to volume hiring. As demand for products continues to rise, companies are faced with the daunting task of scaling their workforce at an unprecedented pace. In this blog, we will explore the strategies that manufacturing businesses can employ to successfully navigate the maze of volume hiring, leveraging insightful statistics along the way.
To understand the magnitude of the challenge, a recent survey conducted by the National Association of Manufacturers (NAM) found that 82% of manufacturers reported a shortage of skilled labor as their biggest challenge. This is up from 74% in 2022 and is indicative of the growing severity of the labor shortage in the manufacturing industry.
Most large organizations have an established, structured recruitment process to source and hire candidates. However, the various steps involved in the process need to be expedited without compromising talent quality while trying to achieve volume hiring goals.
This is where smart technology can help employers speed up and streamline their recruitment process.
A study by LinkedIn reveals that 75% of job seekers consider an employer’s brand reputation before applying for a job. When hiring at scale, a strong employer brand helps you stand out from the competition and attract top talent. Candidates are more likely to apply to companies with a positive reputation and a compelling employer brand. It creates a positive perception of your organization, which increases the likelihood of candidates accepting job offers and staying with your company long-term.
Most organizations make the mistake of initiating the hiring process onlye when requirements arise. Talent pool building should be a continuous process that allows businesses to shorten the time to fill urgent roles.
Upskilling and Reskilling Programs for the Existing Workforce
Retaining valuable employees: By providing training opportunities and career advancement pathways, manufacturers can retain valuable employees and fill skill gaps internally. McKinsey’s report highlights that 43% of manufacturing executives see upskilling the current workforce as the most effective solution to address skill shortages.
The power of data analysis: By analyzing recruitment data, companies can identify effective sourcing channels, optimize job descriptions, and refine candidate evaluation processes. SHRM reports that 48% of organizations are currently using or planning to use data analytics for recruitment activities.
In conclusion, the manufacturing industry in the United States is experiencing rapid growth, requiring volume hiring strategies to meet expanding workforce demands. By leveraging technology, establishing a strong employer brand, collaborating with educational institutions, investing in upskilling programs, and adopting data-driven recruitment practices, manufacturers can navigate the maze of volume hiring successfully. These strategies, backed by insightful statistics, will enable companies to build scalable workforces capable of meeting the challenges and opportunities of the evolving manufacturing landscape. With the right approach, manufacturers can turn volume hiring into a competitive advantage, ensuring sustainable growth and success in the industry.