The Skills Gap, Efficiency, and the Industrial Internet of Things

Did you know that 91% of Millennials plan to stay in a job for less than three years before moving on? Imagine your own business’s turnover rate if every new employee you hire will only be there for a maximum of three years. Add that to the baby boomer retirement rate of nearly 10,000 people leaving the workforce each day in the US, and that is a lot of holes to fill. Those are some intimidating stats!

All that considered, let’s think beyond the skills gap for a moment. How does this turnover rate favored by Millennials affect your business as an operation? We asked ourselves this question and the first thing that came to mind was: “inefficiency.”

When you consider the amount of work and time that goes into each new hire, from the hiring process itself to training to probationary periods and more, not only are resources constantly redirected from the shop floor to the training room, but the risk of error rises, too. How can you prevent the same mistakes from being made by each cycle of under-experienced hires over and over again? How can your organization meet its goals if a decent amount of your workforce is always green?

This is where all the new tech taking the manufacturing sector by storm comes in. With the Industrial Internet of Things (IIoT), real-time data captured across systems provide each other with information about efficiency, variance, and error. This means that mistakes can be caught as they happen, not hours later when those mistakes start affecting someone else’s work. This is a revolutionary update to one’s shop floor and has the potential to radicalize our sector.

Not only this, but consider that Millennials and innovative, ever-changing tech tend to go hand in hand. Young operators interact with new systems much collaboratively than previous generations could, and this natural extension from personal to professional tech leads to higher achievement and confidence in new hires.

Not only does IIoT help eliminate inefficiency that could become more prevalent as Millennial preferences force higher turnover rates, but it also speaks a language Millennials have been fluent in since early childhood. By adapting to the new wave of manufacturing best practices, even the smallest manufacturing companies can be a part of a true revolution.

Comments

  1. Hello,
    The Article on The Skills Gap, Efficiency, and the Industrial Internet of Things is amazing give detail information about it.Thanks for sharing the information about it. internet of things services

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