This is an excerpt from our most recent whitepaper, “The Skills Gap and Training For The Future of Manufacturing”.

This is an exciting time for manufacturing in the United States. Manufacturing jobs are re-shoring. The economy is expanding—this sector is expected to gain 700,000 jobs by 2025. Technical advances on the production line, such as smart machines and digitally connected processes, have created a need for skilled workers. On the other hand, the baby boomers are retiring. Students are graduating without the necessary science, technology, engineering and math skills that manufacturers urgently need, and with no desire for a career in manufacturing. This is the skills gap — a job-and-skills mismatch that will result in 2 million manufacturing jobs going unfilled by 2025, leaving businesses without the workforce they need to grow, compete, and meet consumer demand.

This is the skills gap—a job-and-skills mismatch that will result in 2 million manufacturing jobs going unfilled by 2025, leaving businesses without the workforce they need to grow, compete, and meet consumer demand.

Download “The Skills Gap and Training For The Future of Manufacturing” to find out the implications of the skills gap in the manufacturing industry, and how simulation-based training can help.

Nearly half of US employers are already reporting difficulty filling jobs, particularly skilled trades and technicians (production, operations and maintenance).

Talent shortages lead to high overtime costs, and higher salaries commanded by in-demand skilled workers. Studies indicate that for every three months a position remains unfilled, a company loses an average of $14,000. The skills gap is currently costing the average manufacturer 11% of annual earnings.

If manufacturers want to remain competitive, they will have to undertake the training and skill development of their workers and equip them with the required skills.

Simulation training is ideal for high-risk or dangerous jobs such as those found in manufacturing because it offers a realistic yet safe environment for hands-on learning. It is interactive, engaging, can be customized to trainees’ skill level, and may be repeated whenever necessary.

Download “The Skills Gap and Training For The Future of Manufacturing” to find out the implications of the skills gap in the manufacturing industry, and how simulation-based training can help.

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