Latest Updates in Manufacturing and Construction

The manufacturing and construction industries are booming, but there's a significant challenge ahead: a looming worker shortage. A recent study by Deloitte and the Manufacturing Institute warns that manufacturing could be short by 1.9 million workers by 2033 if the talent gap isn't addressed. Here’s a snapshot of the latest industry updates and efforts to close this gap. 

Rising Employment and Investments 

Manufacturing has rebounded strongly post-pandemic. The industry has seen significant growth, supported by both private and public investments. Employment reached 13 million as of January, with the number of manufacturing establishments in the U.S. increasing by over 11% since 2019. However, sustaining this growth demands more skilled workers. 

Urgent Need for Technical Skills 

Manufacturers need workers at every level, especially in technical roles. The demand for skills in simulation software and technology-enabled production has jumped by 75% over the past five years. Roles like industrial machinery maintenance technicians and semiconductor-processing technicians are expected to see substantial growth. 

Education and Training Adjustments 

Higher education needs to adapt to the changing demands of the manufacturing sector. While more people are opting for certificates over associate degrees, this might not fully meet the industry's need for advanced technical skills. There's a push for more practical training programs and collaborations with community colleges to ensure a steady pipeline of skilled workers. 

Attracting the Younger Generation 

To tackle labor shortages, many companies are targeting high school students. Initiatives like the Community College of Denver’s Advanced Manufacturing Center offer facility tours and hands-on workshops to spark interest among young students. Programs across the Midwest, such as those supported by the Michigan Economic Development Corporation, are also fostering early interest through grants and educational partnerships. 

Flexibility and Benefits 

To attract and retain workers, companies are focusing on flexibility and competitive benefits. Flexible work arrangements and on-site childcare are becoming more common. Competitive wages, paid time off, and robust healthcare packages are also crucial in keeping workers satisfied. 

Inclusive Recruitment 

Companies are broadening their recruitment efforts to include underrepresented groups such as mothers returning to the workforce, refugees, and formerly incarcerated individuals. Partnering with community organizations and educational institutions is helping to create a more diverse and inclusive workforce. 

The manufacturing and construction industries are on a robust growth trajectory but must innovate in education, training, and recruitment to bridge the talent gap. By engaging younger generations and offering flexible, inclusive work environments, these industries can build a sustainable workforce for the future.