Manufacturing sector needs to change to attract Gen Z workers
Currently, the median age of workers in the manufacturing sector is 44 years old. A labor shortage is bubbling and manufacturers are desperately looking at Generation Z to fill the gap. An aging workforce, a lack of skilled workers, a negative perception of manufacturing jobs, competition from other industries, and changes in the global economy have all played a role in creating this growing problem.
There are several steps that the manufacturing sector can take to attract younger generation Z workers:
Offer competitive pay and benefits: Competitive compensation packages can be very lucrative for attracting younger talent - those who often have many more options available to pursue.
Emphasize training and career development: Many younger workers are looking for opportunities to learn and grow in their careers. Offering training and development programs can help them advance their skills and knowledge.
Highlight the importance of sustainability and social responsibility: Generation Z is known for being socially conscious and environmentally aware, so manufacturing companies that prioritize sustainability and social responsibility may be more attractive to younger workers.
Use technology to modernize the workplace: Utilizing technology to modernize the workplace can make it more appealing to younger workers.
Create a positive company culture: Younger workers often value positive and inclusive company culture, so manufacturing companies can attract younger workers by creating a culture that values diversity and promotes collaboration and teamwork.
Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.