Companies Can Learn from Innovations in US Manufacturing

Many people view the manufacturing industry as old, stodgy, unattractive, and difficult to work in. You are in for a surprise.

There are over three thousand industrial technology companies in the US. About 90 percent of publicly traded companies are profitable with sales ranging from $1 billion to $10 billion and employ 2,000 to 20,000 people. This sector is massively important to the US economy, driving about $250 billion of GDP, of annual revenue growth.

These companies are blazing new and fresh trails by leveraging analytics, artificial intelligence, and automation in ways that most people don't know about as described in a recent McKinsey Podcast cohosted by Roberta Fusaro and Lucia Rahilly .

Manufacturing and logistics companies are leading the way with talent optimization.

Manufacturing and logistics companies are also leading the way with ??talent optimization ??. These companies face major talent strategy challenges today, especially when it comes to appealing to job seekers. In manufacturing, machinists, operators, and technicians will be greatly impacted as Baby Boomers continue to retire. In transportation and logistics, filling truck driver roles is becoming increasingly difficult.

Dynamic Lifecycle Innovations , Purolator International , Praxis Packaging Solutions , Polysciences, Inc. and hundreds of other manufacturing and logistics companies reduce turnover and increase productivity with talent optimization. It gives leaders the people data and strategy they need to design great teams and cultures, make more insightful and objective hiring decisions, and adjust personnel to reach their strategic business goals.

The leaders understand there is a direct link between a behavioral pattern and job performance. This broadens their talent pool by recognizing that people have natural talents that can be leveraged while they learn the trade. They can design products, they can run the machines, they can supervise staff while they learn, for example, what machining is, what heat treatment is, what welding is, what process forming is, etc...

The leading edge companies that practice talent optimization outpace their competition by double digits, benefit from reduced turnover, higher productivity, and higher retention of top talent. The revenue recaptured from the highest and most preventable costs of turnover, "covering" a vacant position and productivity loss can be redeployed into R&D, improved benefits, leadership development, and more.

While manufacturing companies may not make the covers of magazines or get news channel spotlights, their under-the-radar successes are noteworthy.

Keep up with additional industry hot topics by following Greg Sheldon , founder of Metal Merger Corp .

About the author:

Ronda Robinson is a leading talent strategist and the founder of?Retain My Team? .?As a Certified Professional in Talent Development? (CPTD) and Master Performance Consultant she has been applying behavioral neuroscience to workplace solutions for over 20 years. She is a keynote speaker and author. She has been featured on NBC, CBS, Fox News, USA Today, Global Woman Magazine, London Business Magazine, and The Business Woman Today magazine.

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