Half of supply chain business executives are struggling with acquiring and retaining candidates with the necessary qualifications. Experts anticipate the problem will continue to grow until available supply chain management jobs outnumber qualified individuals six to one.
Many in the industry blame misconceptions about supply chain jobs. To address this, they are taking steps to change how the community views the sector. Most of their efforts focus on engaging the community by encouraging them to participate in trade shows, ambassador programs, summer camps, and local competitions.
Working with Secondary Schools and Interns
Another way supply chain companies are combating negative perspectives regarding their industry and the resulting labor shortage is to work with STEM programs. Encouraging students to enter into degree programs or consider building the skills and knowledge needed to work in supply chain management can help ensure a continual influx of new talent in the coming years.
In a similar vein, supply chain management companies are offering internship programs to allow interested individuals to gain hands-on experience. This can encourage qualified applicants to consider career paths they otherwise would’ve overlooked. The industry sees the most success with this method regarding technical opportunities such as engineering.
Higher Skillsets Demanding Higher Wages
Some of the difficulty involved in retaining talent is the available income. As supply chain management companies demand more skills and place more responsibilities on their workers, they need to increase their wages appropriately. This hadn’t been the case in the preceding decade, which likely contributed to the labor shortage.
Targeting the Rising Workforce
As more Baby Boomers reach retirement age, Gen Xers and Millennials will have to fill their vacant positions. However, what attracts younger generations to a company differs vastly than what appealed to boomers. More tech-savvy candidates will want to see evidence of high-tech innovation, automation, and more.
Another big motivator for younger generations is a flexible schedule. While supply chain companies have scheduling demands, they can get creative when it comes to meeting them. Companies that offer flexible shifts can prove their commitment to their employees’ wellbeing and work-life balance.
Shaking up how a company operates can be a scary notion for an already struggling supply chain management company. However, failing to make any changes will only yield ongoing labor challenges and negatively affect cash flow. The experts at MMA Florida are intimately familiar with the risks Florida-based supply chain companies encounter and we can help your business navigate those issues while you combat labor shortage challenges. Contact us to learn more about how we can help your business.