IMD Industry Insights - Kahuna Workforce Solutions - The Manufacturing Labor Crisis

Summary

In this conversation, Jai Shah, CEO of Kahuna Workforce Solutions, discusses the labor crisis in manufacturing and the role of skills management in addressing the challenges. The conversation covers the availability of the right skills, the impact of COVID-19 on labor shortages, and the need for a clear understanding of workforce capabilities. It also explores how skills management can help alleviate burnout in current employees and support organizational goals. Additionally, the integration of apprenticeship programs and the process of getting involved with the skills management platform are discussed.

Takeaways

• The labor crisis in manufacturing is driven by the availability of the right skills in an ever-changing environment.
• Skills management can help address the labor shortage by identifying and developing the necessary skills within the existing workforce.
• A formal skills management approach can alleviate burnout in current employees by recognizing and compensating for valuable skills.
• Skills management supports organizational goals by aligning workforce capabilities with strategic objectives and facilitating the transition to a skills-based economy.
• Apprenticeship programs can be integrated into a skills management platform to track and manage the progress of apprentices and leverage the expertise of mentors.
• Manufacturers, including small to medium-sized ones, can benefit from a skills management platform by starting with a standard set of skills and leveraging technology to streamline the training process.

Chapters

00:00Introduction and Background

02:25Challenges in the Labor Market

05:13Skills Management to Address Labor Shortage

08:10Alleviating Burnout in Current Employees

11:03Skills Management to Support Organizational Goals

12:57Integration of Apprenticeship Programs

15:28Getting Involved with the Skills Management Platform

18:49Conclusion