GFOUNDRY SOLUTIONS BY INDUSTRIES
Talent Management in Manufacturing Industry
Why talent management is important in Manufacturing industry?
In Manufacturing industry, talent management is particularly important because this industry faces a number of challenges that can impact its success and profitability, such as high staff turnover, global competition, supply chain disruptions, changing consumer demands, labor and skills shortages, and environmental regulations, among others. skilled labor shortages and environmental regulations, among others.
What are the Manufacturing industry challenges?
The Manufacturing industry challenges are:
1. High Staff Turnover One of the biggest challenges facing the manufacturing industry is high staff turnover and labor and skills shortages. Manufacturing companies often struggle to retain their employees, with many leaving for better pay, more flexible working hours or better opportunities for advancement. This high staff turnover can lead to a loss of talent and knowledge within the company, as well as increased costs associated with recruitment and training.
2. Technology The manufacturing industry has been rapidly changing with the advancements of technology. Companies need to adapt to new manufacturing processes, automation, and digitalization to stay competitive.
3. Supply chain disruptions Disruptions in the supply chain due to events such as natural disasters, political unrest, or pandemics can have a major impact on manufacturing operations.
4. Changing consumer demands Consumers are increasingly expecting customized products and quick delivery times, which can be challenging for manufacturers to achieve.
4. Changing consumer demands Consumers are increasingly expecting customized products and quick delivery times, which can be challenging for manufacturers to achieve.
5. Compliance and safety GFoundry can help manufacturers maintain compliance with safety regulations by providing training on safety procedures, emergency preparedness, and workplace safety protocols.
6. Environmental regulations The manufacturing industry is under pressure to reduce its environmental impact, which can be costly and time-consuming.
7. Labor shortages Many manufacturing companies are struggling to find skilled workers, particularly in areas like engineering and technical positions.
8. Workforce management GFoundry can help manufacturers manage their workforce more effectively by providing tools for performance management, talent development, and succession planning.
How can GFoundry’s platform help address the Manufacturing industry challenges?
3: Rapid Technological Advancements
The manufacturing industry is rapidly evolving with technological advancements such as automation, artificial intelligence, and the Internet of Things (IoT).
While these advancements can bring significant benefits, they also present challenges for manufacturers who must keep up with the pace of change to remain competitive.
GFoundry’s talent management solutions can help manufacturers stay ahead of the curve by providing a platform for continuous learning and development.
With features such as microlearning, gamification, and mobile learning, GFoundry’s solutions enable employees to learn on the go and stay up to date with the latest advancements in their field.
5. Managing Seasonal Staff
The retail industry often relies on seasonal staff to meet the demands of peak periods such as holidays and sales events.
However, managing seasonal staff can be challenging, with the need to recruit and train large numbers of staff in a short period of time.
GFoundry provides manufacturing companies with the tools they need to efficiently manage their seasonal staff. By providing online training resources, you can ensure your seasonal staff are trained and ready to start work quickly.
Our solution also provides tools for tracking employee progress and performance, making it easier to manage and evaluate seasonal staff.
6. Internal Communication
Effective internal communication is crucial for any business. GFoundry’s internal communication platform allows companies to create a streamlined communication process that keeps employees informed and engaged.
This platform can help retailers to create an open and transparent culture, improve collaboration, and enhance overall productivity. Know more here.
7. Pre-Onboarding & Onboarding
Starting a new job can be overwhelming for employees.
That’s why GFoundry provides an onboarding platform that allows companies to create a welcoming and informative environment for new hires. This platform can help retailers to automate the onboarding process, provide easy access to information, and create personalized learning paths for each employee. Know more here.
8. Recognition
Employee recognition is crucial for building a positive workplace culture and increasing employee motivation.
GFoundry’s recognition platform allows retailers to create a culture of recognition where employees can praise and reward each other for their hard work and contributions. This platform can help to boost employee morale, increase engagement, and improve overall job satisfaction. Know more here.
9. Belonging and Diversity
In today’s diverse workforce, it’s important for companies to create an inclusive workplace where everyone feels valued and supported.
GFoundry’s belonging and diversity solution allows companies to create a culture that celebrates diversity and promotes inclusion. You can create a welcoming environment for all employees, promote diversity and inclusion initiatives, and foster a sense of belonging. Read more here.
10. Innovation Management
Innovation is crucial for retailers to stay ahead of the curve and remain competitive.
GFoundry’s innovation management solutions allows companies to encourage and manage employee ideas and innovations.
This platform can help companies to create a culture of innovation, promote new ideas, and identify opportunities for growth and development. Read more here.
11. Goals Management - OKR
Effective goal management is crucial for any business to achieve its objectives and drive growth.
GFoundry’s goals management solution allows to set, track, and manage employee goals and objectives. This platform can help to improve employee performance, align employee objectives with business goals, and drive overall business success. Read more here.
12. Performance & Potential Evaluation
Effective performance and potential evaluation is crucial for any retail business to identify top talent and develop its workforce.
GFoundry’s performance and potential evaluation solution allows retailers to assess employee performance and potential. Read more here.
13. Pulse surveys and feedback
One of the strategies that can combat Job Hopping is constant feedback and listening to employees. In addition to pulse surveys, it is important to present paths and opportunities within the organization. Know more here.
14. Succession Planning
GFoundry’s platform includes tools for identifying and developing high-potential employees, and for creating succession plans to ensure continuity in key roles. This can help to address the potential impact of employee burnout and turnover.
15. Compensation and benefits
To ensure that your organization attracts the most qualified candidates and retains them with competitive compensation and benefits packages, it is important to understand, beyond compensation, what non-financial benefits each person or group of people values most.
You can use GFoundry’s Comparisons module and allow employees to choose the benefits that suit them best from the benefits available.
16. Communication breakdowns
Poor communication between employees and their supervisors can result in errors or delays in critical operations, leading to customer dissatisfaction, fines or capital losses.
Organizations must develop clear and effective communication channels, including standardized handover processes, to ensure that important information is communicated effectively among the entire internal community.
17. Gamification
The GFoundry platform includes a powerful gamification engine, which can be used to make various processes more engaging and motivating.
This can be especially useful for employees who may be struggling with disengagement issues, as it can make personal development and career management processes more motivating.
Gamification can offer benefits across multiple human resource processes, allowing you to align, develop and motivate your employees more effectively. Know more here.
A BUSINESS-BOOSTING TOOL
Turn your workforce’ KPIs into a game!
With the Competitions module, you can create competitions using your own data, and make your teams more aligned, motivated and resilient, creating individual, tribe or team dynamics.
Sales Competitions
Measure sales, contacts and other objectives. Commercial teams in organisations are responsible for sales processes.
Therefore, their goals are usually linked to sales volume. With GFoundry, you can create monthly sales competitions, where the best performing employees can receive badges and rewards for their performance!
Technical Teams
Measure the performance of support services
In development and support teams, the biggest challenges are linked to solving errors and problems in a given technical structure (better known as troubleshooting).
In order to motivate employees to solve more errors, and more efficiently, with GFoundry you can create competitions for the highest number of errors solved by each employee in a given period, in which you can reward and recognise the employees with the highest performance. This dynamic can have a significant impact on the response capacity that the technical teams can guarantee to their clients.
Call Centers
Measuring the number of contacts and their effectiveness
With the GFoundry platform, you can create competitions for the performance of call center employees by the number of contacts made by each one, or even divided into teams.
For example, the competition may be organised by teams, in which each team gathers the number of contacts made by each individual member of the team. At the end, the team can be rewarded and recognised for its performance, while at the same time allowing for greater interaction between team members so that they can achieve the desired results.
Meet some real use cases in Manufacturing industry
Knowing real cases helps to understand the potential of the GFoundry platform and shows how some companies have solved and achieved some of their challenges.
Keep on reading:
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Feedback: what it is, its importance and how to do it (complete guide)
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OKRs – Objectives and Key Results: what they are, what their purpose is and how they can be useful when applied in an agile way
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What is the importance of Compensation and Benefits for employees?