Business Credit Business Travel Franchising Personal Finance Sales & Selling Technology Women in Business Careers E-Commerce & Internet Finance & Accounting Labor & Employment Management Marketing & Advertising Operations Starting a Business > See All

by Title A-H by Title I-P by Title Q-Z > See All

Business Intelligence Small Business Blog Business Planning E-Commerce & Internet Finance & Accounting Home-Based Business Human Resources & Employment Management & Leadership Marketing & Advertising Operations Sales Technology Women in Business > See All

Hiring & Firing Intellectual Property Internet & Technology Legal Mergers & Acquisitions Money & Fundraising Real Estate/Landlord-Tenant Sales & Marketing Starting a Business Business Guides Forms Kits > See All

Construction Medical Practices Restaurants Retail Trade Manufacturing Real Estate Wholesale Trade > See All

Accounting Advertising & Marketing Computers & Software Financial Services Human Resources Internet & Online Management Small Business > See All

Business Exchange Business Answers Buyer's Guides Franchise Opportunities Glossary Trials & Downloads Partner Resources Podcast Library Quote Center Video Library Web Site Tools > See All

Skilled Worker Crisis

Publication: Manufacturing Engineering
Date: Sunday, January 1 2006

According to a survey of automotive executives, industry will be particularly hard hit by the looming skilled labor shortage, costing individual companies an average $50 million over thenext five years. The research was commissioned by Advanced Technology Services Inc. (ATS: Peoria, IL).

Most

respondents say that the high cost items are recruiting and training new employees. Other cost areas are missed production, paid overtime, and lost customer satisfaction.

Most auto executives said they would outsource an entire recruiting department or job function to avoid doing it in-house. A majority, 53%, said that outsourcing production machine maintenance would provide the most productivity gains. This is because when machines break or aren't working it costs thousands of dollars. Over onequarter of automakers surveyed disclose the cost to be as high as $25,000-$50,000 per minute.

In addition, make sure to read these articles:

Smart Machine project gains partner

Improving the performance of B factory equipment is the goal of the National Center for Manufacturing Science's Smart Machine Pilot Project (SMPP). The project, which ......

Advanced Technology Services - ATS - ChoosesRecruitsoft to Power Online Recruiting.

Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Dec. 18, 2000 Recruitsoft (www.recruitsoft.com), the leading provider of Web-based hiring management systems for large corporations, announced today that ATS (Advanced ......

LEARNING TO LET GO

MORE THAN 8,000 MILES AWAY in Calcutta, India, a team of engineers is designing bottle caps and their production molds for a variety of products ......

Skilled interpreters now required in New York state hospitals.

Effective Sept. 13, New York now requires all hospitals to provide skilled translators to patients with limited English proficiency or disabilities. Although N.Y. hospitals already ......

Skilled trades forecast.

A made-in-Saskatchewan boom in engineering and industrial projects will spark a high demand for many skilled trades over the next few years according to a ......

About skilled labor.

The below is in response to F&M's special IMTS coverage in August--specifically, the articles on page 8 and 26. The articles are available at www.fandmmag.com....

Worker pay stagnant despite productivity surge

Earnings adjusted for inflation are up slightly over the past year, according to today's report from the Bureau of Labor Statistics, but hourly and weekly ......

Federal employee assaulted by co-worker can sue in tort

A federal employee who was assaulted by a co-worker when the two were reporting to work can sue in tort under state law, the D.C....

Skilled workers in short supply

Manufacturers across the country are reporting a shortage of skilled workers.

Rules-based eligibility system: the path to a holistic worker.

Editor's Note: In 1996, Delaware's Department of Health and Social Services (DHSS) had a vision. This vision saw the citizens of Delaware seeking all public ......

T T T

Digg It

del.icio.us

Related Resources

Press Releases

ATS Survey of American Automotive Executives Reveals Shortage of Skilled Workforce Will Hit Automakers Hard; Skilled worker shortage to cost millions; executives look to outsource.

PEORIA, Ill. -- According to a new survey released today, senior automotive executives say their industry will be particularly hard hit by the looming ......

ATS Survey Shows Looming Skilled Labor Shortage Will Cost Manufacturers an Average $50 Million; Advanced Technology Services poll of manufacturing executives shows dire need for specially trained workforce...

PEORIA, Ill. -- The looming shortfall of skilled labor in the U.S. will cost manufacturers an average $50 million from their bottom lines, according ......

ATS Survey Reveals Skilled Labor Shortage Threatens American Industry: Nation's Largest Manufacturers Predict Spending $100 Million Each to Recruit, Train Workers.

PEORIA, Ill. -- America's looming skilled labor shortage is predicted to cost the country's largest manufacturers at least $100 million dollars each over the ......

Managing an Outsourced Supply Chain

Interview with Dr. Leroy Schwarz, professor at the Krannert Graduate School of Management, Purdue University.

Skilled Worker Crisis

In addition, make sure to read these articles:

Related Resources

Press Releases

Business Resources

Sponsored Links