Workforce Development
What Is Workforce Development?
Workforce development improves a region’s economy by aligning its people with market needs. In manufacturing, the challenges around workforce often begin in the home, where one study found that just one in every three parents would encourage their child to go into manufacturing. It stretches all the way into corporate leadership as executives struggle to keep up with the latest technologies and practices.
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What Does MxD Do?
MxD Learn is MxD’s workforce development program, and it’s helping to build manufacturing talent starting as early as high school. In partnership with other Manufacturing USA institutes, MxD Learn is testing a three-year digital manufacturing curriculum and developing a separate four-week awareness program for high school students. With ManpowerGroup, MxD also has created job titles and descriptions for 165 manufacturing jobs of the future and has recently released the Hiring Guide, a report that features 247 identified cybersecurity roles. It also is launching a manufacturing apprenticeship program for high school graduates in partnership the City of Chicago.
Facts & Figures
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Facts & Figures
How big is the skills gap?
Facts & Figures
It will leave an estimated 2.4 million positions unfilled between 2018 and 2028, with a potential economic impact of $2.5 trillion, according to Deloitte.
Facts & Figures
What is causing the skills shortage?
Facts & Figures
Most manufacturers believe the No. 1 cause is “shifting skill set due to the introduction of new advanced technology automation” followed by “negative perception of students/their parents toward the manufacturing industry,” according to Deloitte.
Facts & Figures
Which digital engineering jobs are in high demand?
Facts & Figures
By 2020, the lack of data science specialists/analysts will prevent three-fourths of all businesses from maximizing their IoT goals, according to Gartner.
Facts & Figures
Is there a short-term fix to the skills gap?
Facts & Figures
One method is to offer pay increases and signing bonuses to skilled workers. Deloitte found an 11% increase in executives willing to do that from 2015 to 2018. However, long-term solutions will require collaboration among government and industry.