Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, August 21, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Leadership Development Key to Retaining Manufacturing Talent

August 17, 2024
in Food
Reading Time: 3 mins read
A A
Leadership Development Key to Retaining Manufacturing Talent
0
SHARES
ShareShareShareShareShare

READ ALSO

Statistical Process Control (SPC) is the Key to Quality and Efficiency in Food and Beverage Manufacturing

[Guide] 5 Reasons Your Business Does or Doesn’t need an ESOP

Leadership Development Key to Retaining Manufacturing Talent
Senior business mentor coaching executive managers team at corporate group meeting in conference room, company ceo giving presentation to partners discussing new strategic plan, top view from above

Key Takeaways:

  • A survey of HR leaders in manufacturing found that, while attracting and retaining top talent are their top two challenges, leadership development is a close third. 
  • Though most respondents listed advancement opportunities as a primary reason candidates join their companies, the focus seems to be more on teaching technical skills than developing the next generation of leaders. 
  • Greater attention to and investment in leadership development programs can strengthen recruiting and retention efforts. 


Not surprisingly, HR leaders in manufacturing ranked attracting (31%) and retaining (27%) employees among their top challenges, according to
a survey from Grant Thornton. But leadership development (23%) was another common struggle. 

Learning and development is becoming a priority for manufacturers — survey participants also listed advancement opportunities (29%) as a primary motivator for candidates to join manufacturing companies, right behind benefits (38%) and bonuses / incentives (32%). This suggests that while employees are often immediately drawn in by benefits and pay, the promise of a path to promotion encourages them to stay.

“Respondents said that advancement opportunities are one of the reasons why people come to the organization,” said Jennifer Morelli, Principal, Growth Advisory Services at Grant Thornton Advisors. “But they’ve said that leadership development is one of the challenges that they’re facing. That tells you what they’re talking about in advancement, versus building leaders of the future.”

Survey results indeed indicate a focus on equipping employees with skills for the future of work. Most survey respondents at least slightly agreed that their company understands the future skills required for their workforce (91%), has identified where upskilling is necessary (92%), and has implemented technology to manage workforce planning effectively (92%). 

But while closing skills gaps is crucial to keep up with technology advancements in manufacturing, retaining employees depends on uncovering what skills they already have, what they’re interested in learning, and where they want to move within the company. Preparing them to fill the shoes of retiring leaders will help transfer institutional knowledge and motivate them to stay with the company for years to come. 

Supplier Catalog - Nilfisk

Credit: Source link

ShareTweetSendSharePin
Previous Post

Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company says

Next Post

Gerrit Cole twirls his first scoreless outing of year as Yankees blank Tigers

Related Posts

Statistical Process Control (SPC) is the Key to Quality and Efficiency in Food and Beverage Manufacturing
Food

Statistical Process Control (SPC) is the Key to Quality and Efficiency in Food and Beverage Manufacturing

August 19, 2024
[Guide] 5 Reasons Your Business Does or Doesn’t need an ESOP
Food

[Guide] 5 Reasons Your Business Does or Doesn’t need an ESOP

August 19, 2024
New Food and Beverage Product Launches, August 12 – 16
Food

New Food and Beverage Product Launches, August 12 – 16

August 17, 2024
InvestBev Announces Strategic Investment in Non-Alcoholic Lifestyle Brand, Sèchey
Food

InvestBev Announces Strategic Investment in Non-Alcoholic Lifestyle Brand, Sèchey

August 16, 2024
Kemin Food Technologies – North America Names Dr. Y. Joy Zhong as R&D Director
Food

Kemin Food Technologies – North America Names Dr. Y. Joy Zhong as R&D Director

August 16, 2024
Ayana Bio Welcomes Biotechnology Veteran Jill Zullo to its Board of Directors
Food

Ayana Bio Welcomes Biotechnology Veteran Jill Zullo to its Board of Directors

August 15, 2024
Next Post
Gerrit Cole twirls his first scoreless outing of year as Yankees blank Tigers

Gerrit Cole twirls his first scoreless outing of year as Yankees blank Tigers

Leave a Reply Cancel reply

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

What's New Here!

How much water should you drink a day?

How much water should you drink a day?

July 27, 2024
Imperative Care closes potential 0M Series E and more digital health fundings

Imperative Care closes potential $150M Series E and more digital health fundings

July 26, 2024
Axena Health, UpScriptHealth partner on telehealth service for women

Axena Health, UpScriptHealth partner on telehealth service for women

July 30, 2024
FAA approves SpaceX to resume Falcon 9 rocket launches

FAA approves SpaceX to resume Falcon 9 rocket launches

July 26, 2024
Wizz Air launches 0 ‘all you can fly’ annual subscription pass

Wizz Air launches $550 ‘all you can fly’ annual subscription pass

August 14, 2024
Five cows, one year’s worth of free food, a two-bed apartment and exemption from military service: How athletes can win more than medals this Olympics

Five cows, one year’s worth of free food, a two-bed apartment and exemption from military service: How athletes can win more than medals this Olympics

August 7, 2024
Chinese shoppers flock to Japan to take advantage of the weak yen

Chinese shoppers flock to Japan to take advantage of the weak yen

July 26, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • We’re Gen Z college dropouts who raised $41.4M for our blockchain startup. Here’s how we did it
  • Wukong breaks Steam’s concurrent single-player record within hours of launch
  • Brian Cashman opens up on whether Yankees would demote Anthony Volpe
  • State of digital health investment, part 5: HTC Vive

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In