With signs of unemployment decreasing, human-capital management again will be critical as manufacturers rush to get staff on board and upgrade workforce skills. They would do well to focus on three elements identified by the Next Generation Manufacturing Study as necessary for world-class human-capital management:
- Strategy: 56% of manufacturers have a company-specific strategy for human-capital management, yet 15% of firms have no strategy. Three-quarters of manufacturers near or at world-class human-capital management (77%) have a company-specific strategy.
- Talent and development programs: 50% of firms have the talent to drive human-capital management into the next generation. Seventy-three percent of manufacturers near or at world-class human-capital management have the talent to drive human-capital management.
- Business systems and equipment: 9% of manufacturers report that their business systems and equipment are state-of-the-art and can support human-capital management long-term, and another 58% report that systems and equipment meet current requirements. Nineteen percent of manufacturers near or at world-class human-capital management report that their business systems and equipment are state-of-the-art, and another 69% report that systems and equipment meet current requirements.
Does your HR team have the strategy, skills, and business systems to find the right talent in 2012?
By George Taninecz, VP of Research, The MPI Group
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