“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”

OVERVIEW

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.

KEY INSIGHTS

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.

SKILLING TRENDS

• 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

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?

Abhinav Shrivastava
Head of Human Resources
Head of Human Resources, CEAT Specialty Tyres Limited

Gautam Kumarx
Chief Human Resources Officer
SKF India

Manish Sinha
SVP & CHRO
M&M Auto Business

Pramath Raj Sinha
Founder & Chairman
Harappa

Raj Narayan
Executive Vice President & Chief Human Resources Officer
Titan Company Limited

Shashank Rai
National Head HR
Asian Paints PPG Pvt. Ltd.

Sudipto Mandal
Vice President and Chief Human Resources Officer
Star Cement Ltd.

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