With more than 10,000 Baby Boomers entering retirement each day, organizations will spend more time contemplating how best to capture and retain departing talent. Combine this need with how quickly workforce, customer requirements, and buying behaviors are changing, you have a perfect talent retention storm.
If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business. - Gary Cohn, American Business Leader IBM
2020 taught us two distinct things: organizations are capable of adapting to monumental change, and identifying and eliminating risks must be a central focus for survival. A risk management plan does not need to be extensive and complex. It does, however, need to be approached with a proactive mindset rather than a reactive one.
Now that you’ve taken time to investigate the idea on implementing stay interviews to help retain your workforce, to the next step is to explore the types of skills you will need as an interviewer. Being a successful leader includes holding meaningful conversations - a skill that requires effort and practice. Instead, there are a handful of proven skills that transform the ordinary into extraordinary.
2020 tested companies’ agility and adaptability to the unforeseen. The fortunate companies that were able to keep their doors open, have been learning day by day what is needed to survive and thrive in the future.
One essential piece continues to be pertinent – employees. Employees are the ones who are continuing to generate revenue, produce quality goods, and satisfy customers. Being reminded of this, it is critical to retain those skilled workers during these possible trying times. So, ask yourself, how can you truly make each individual employee a priority? – Through conducting stay interviews.
I think dashboard is an overused, ill-defined word in many enterprises. As I was trying to create visibility into the success and challenges in our operations, I decided that I needed a dashboard (see blog on data). It sounds very simple. Everybody uses dashboards in business these days. Then I started to think about the origin of the dashboard and how that might help me create my own.
I had an AHA moment the other day. I shouldn’t have, really. What I’m about to reveal should have been painfully obvious. But, as the old saying goes, sometimes we can’t see the forest for the trees. I had been blinded by all the trees standing right in front of me and didn’t realize I was in the middle of a very large forest.
2020 highlighted the resiliency and significance of our manufacturers. Illinois manufacturers have been on the forefront as heroes during challenging times, contributing to efforts to become leaders in global competitiveness. Manufacturing leaders understand that in times of uncertainty, it is much better to navigate the unknown together with other forward-thinking leaders who are finding innovative ways to solve current challenges and build a stronger future.
Dedicated to cultivating ideas and sharing knowledge that can help Illinois manufacturers solve challenges and thrive through uncertainty, IMEC launched Manufacturing Leader Buzz Sessions over the summer. Buzz
An original article from the NIST Manufacturing Innovation Blog.
As a proud son of the Midwest (yes, my family does exchange holiday cheese, and yes, it’s delicious, we have no regrets), I was particularly interested in the National Institute of Standards and Technology’s Manufacturing Partnership Extension (NIST MEP) virtual round table for Midwest manufacturers. All our nation’s manufacturers are important to me and, of course, we at NIST MEP love them all equally, but there’s always a certain extra curiosity about how the home team’s doing, isn’t there? On Aug. 26, 2020, we brought together manufacturers virtually as part of a series of conversations about the impact of the COVID-19 pandemic and the ensuing economic impact. Our goal in hosting these listening sessions, which we call the “National Conversation with Manufacturers,” was to discern how best to support manufacturers through the current uncertainty and beyond.
This is an original article written by Katie Rapp, Writer/Editor for the MEP National Network.