Celeste Roman’s Post

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Account Executive at Alphanova Consulting - We help manufacturers achieve and sustain operational improvements that allow company profit margins to grow by up to 25%

How will manufacturers overcome the labor shortage? Whenever we share with manufacturing leaders that the U.S. manufacturing workforce will grow by 0.31% between 2022-2030, we often hear this answer: "We’ll raise their compensation.” I’m here to tell you that’s not going to get it done. What will happen is manufacturers will create bidding wars for employees. All companies will have a revolving-door environment. There is one way to tackle this issue, and that is to focus on your culture. Develop an environment where employees wouldn’t consider leaving for another company. This entails developing them, giving them opportunities to grow, listening, and dealing with unpleasant co-workers. Watch this presentation we recently gave at an NTMA meeting to hear an example from a client. #lean #leadership #culturechange #privateequity #manufacturing #leanmanufacturing

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