As international companies cope with a global shortage of skilled talent, an under-utilized resource is staring them in the face – Women. They may be the answer to the manufacturing industry’s talent woes.
A joint report by Deloitte and the Manufacturing Institute, “Untapped resource: How manufacturers can attract, retain, and advance talented women” suggests that the manufacturing industry is missing the mark with its largest pool of untapped talent.
Women, who make up roughly half of the U.S. labor force, only represent 25% of the durable goods manufacturing employment base, according to Catalyst Organization, a non-profit organization focused on women and business.
Research suggests that manufacturers can do more to improve the image of the industry as a female-friendly workplace. Over 51 percent of the respondent of the survey by Deloitte cite the main driver of women’s underrepresentation in manufacturing is the perception of a male-favored culture and 80 percent of respondents believed that manufacturers can improve their efforts to recruit women.
As many as 600,000 manufacturing jobs remain unfilled in the U.S. and 70 percent of manufacturing companies report experiencing a moderate to severe talent shortage. Addressing this crisis, the report said, is to take steps to recruit, retain and promote women – or risk future success.
Of those women with manufacturing careers, 75% find it an interesting and rewarding line of work and would take a job in manufacturing if they were to start their careers now, the report said.
“In addition to bridging the skills gap, hiring and advancing women is smart business,” the report said. “As consumers and influencers, their experiences and insights could contribute significantly to the industry’s competitiveness.”