Manufacturers have consistently cited the inability to attract and retain talent as their top business concern. We fielded a first-of-its-kind survey of member manufacturing companies in order to examine how manufacturers are employing innovative programs to train new workers and upskill their current workforce and to identify the trends and challenges being experienced across the industry. Among the findings, we learned that nearly 70% of manufacturers are addressing the workforce crisis by creating and expanding internal training programs for their workforce, among other tactics. In dollar terms, the Institute estimates that the sector will spent at least $26.2 billion in 2019 on internal and external training programs for new and existing manufacturing employees.
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