In this article, the focus is on giving employees a stake in the company, the objective is to motivate them to do what is best for the shareholders since they are also shareholders.
You don't need to be in a leadership position to lead. We all wield influence - whether it's within our family unit, community, business, or team. Take a look at Nadja's top tips to prepare yourself and your team for success in uncertain times.
Manufacturers are facing a troubling scenario: the need to maintain production levels in the midst of the largest workforce shakeup in our lifetime. The Industrial Internet of Things (IIoT) provides a highly effective, flexible and cost-efficient solution.
Managing frontline workforces presents a unique challenge to businesses; it's a balancing act of safety, worker satisfaction, and productivity. Today's technology needs to tick all of those boxes and do so in the simplest way possible.
The U.S. has been seeing declines in skilled labor during the past few years as experienced and knowledgeable employees continue to retire while fewer are choosing employment in factories or skilled trades.
We've been in a phase of connecting machines through IIoT and the next step is expanding that connection to reduce reliance on workers. Right now, there are 2.1 million manufacturing jobs unfilled.
More than appearances, manufacturers must speak to the positivity of a diverse workforce. Gen Zers expect it, they demand it, and will tell friends to work for companies promoting a varied workforce on both Instagram and Tiktok.
With skill gaps growing wider and continued predictions of future job vacancies, manufacturers need to place employee skilling at the top of their strategic operating plans if they're going to maintain a productive workforce and compete on a global scale.
Ready, aim, hire! Why attracting fresh talent to manufacturing is vital to the industry's long-term success
A further challenge for manufacturers, and in the case of my own company, one of our largest issues, is how to attract new young talent to an industry that's often perceived to be uninteresting.
As the workforce is vaccinated and reshoring the supply chain becomes a clarion call for industry, finding the right people with the right skills forces plant managers, operations managers, and HR managers to find new and innovative recruiting strategies.
In a time when the whole world is re-evaluating the way they do business, it is essential that industries utilizing Smart Factory and automated solutions do not become over-reliant on technology to get the job done.
With a clear shift towards more digitally enabled roles and a growing need for more automation and/or robotics across all industries, this requires more skilled people within these environments.
Facet Precision Tool Comments on Why Building a Team of Craftspeople is Key to Success and Whether the Electric Car Be the Demise of the Cutting Tools
From laying out a brand-new manufacturing centre; to shaping and promoting Facet's reputation; to training up a high performing team who are passionate about the craft of cutting tools - Jeremy has built the foundations for success.
Promises of improved productivity, speed, and quality have industry leaders rushing to integrate automation, cloud computing, the Industrial Internet of Things, and other emerging technologies into workflows and supply chains.
If your business has been walloped by the various challenges in the sector, converting the company to an employee stock ownership plan (ESOP) could be a way forward.
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