Skilling Trends and Planning for the future in Manufacturingunwiredcp
“Demand for technological, social and emotional, and higher cognitive skills will rise by 2030” and will impact all industries alike as highlighted by experts from Deloitte and McKinsey”
The manufacturing industry continues to play a significant role in overall productivity growth rates and innovation for the Indian economy. India’s manufacturing sector has the potential to reach US$ 1 trillion by 2025. (IBEF).
The Government of India launched the ‘Make in india’ movement to put us on the map as a manufacturing hub, giving the country global recognition. Fighting and mitigating the pandemic, with the aim to survive, the manufacturing industry has also accelerated the arrival of Industrial Revolution 4.0. In addition to rapid adoption of technology and automation, there will be a parallel transition in skill requirements in the industry.
|Government aims to create 100 million new jobs in the sector by 2022. Source: IBEF||In January 2021, Toyota Kirloskar Motor (TKM) signed a Memorandum of Understanding (MoU) with the Directorate General of Training (DGT), Ministry of Skill Development and Entrepreneurship, to develop skills among the youth under the Flexi-MoU Scheme of the government
|More than 700 million Indians are estimated to enter the working age group by 2022, of which more than 500 million will require some form of vocational or skill training
NEED OF THE HOUR
Manufacturing is battling the challenge of growing skill gaps. For all of the sector’s mechanical complexities, it is also heavily dependent on human wisdom in planning, manufacturing, marketing, selling, operations and more.
However, the industry is also facing a shortage of skilled labour. Lack of foundational skills cause some of the biggest problems in manufacturing, and there is a need for a flexible, motivated workforce,with skilled professionals at all levels, from technical professionals and managers, to shop floor personnel.
- Behavioral training with a customer-centric approach, across leadership and functional levels can drive workforce productivity, engagement and growth.
- Based on our recent survey, the most in-demand skills for the Manufacturing sector are:
- Crisis management and resilience
- Interpersonal communication
- Quick decision making
- Continuous training sessions for mid-level and executive professionals has shown great ROI with increased productivity and growth.
- Mitigating performance gaps, aligning workforce to organizational goals, and motivating teams will be key to building valuable human capital.
- Cognitive skills like creativity and logical reasoning will be required across levels for improved decision-making and problem solving.
CORE COMPETENCIES REQUIRED IN MANUFACTURING SECTOR
Good Communication Skills
Attention to Detail
The upcoming webinar “Skilling Trends and Planning for the Future in Manufacturing” will feature a panel of renowned HR leaders from the manufacturing industry to explore how companies can identify and build the right skills for their workforce.
KEY DISCUSSION POINTS
- How can upskilling enable better understanding of customer demands and needs?
- The importance of active listening and understanding client needs to drive client satisfaction
- Building long-term customer relationships through communication and crisis management
- Behavioral training for self-development, managerial development and leadership development
- What skills do manufacturers need most in 2021?
Head of Human Resources
Head of Human Resources, CEAT Specialty Tyres Limited
Chief Human Resources Officer
SVP & CHRO
M&M Auto Business
Pramath Raj Sinha
Founder & Chairman
Executive Vice President & Chief Human Resources Officer
Titan Company Limited
National Head HR
Asian Paints PPG Pvt. Ltd.
Vice President and Chief Human Resources Officer
Star Cement Ltd.
14:45 – 15:00
15:00 – 15:05
|Opening Remarks by Dimpal Bajwa, Assistant Editor, ET Edge|
15:05 – 15:20
|Keynote Address by Pramath Raj Sinha, Founder & Chairman, Harappa|
15:20 – 16:20
The session will feature five renowned panelists on the skilling trends in the manufacturing segment that can fuel growth.
Moderator: Pramath Raj Sinha, Founder & Chairman, Harappa
16:25 – 16:30
|Closing Remarks by Dimpal Bajwa, Assistant Editor, ET Edge|
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