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4 min read

The Two Big Issues with Temp Labor & How to Avoid Them

By Pete Conrad on Nov 5, 2020 9:39:43 AM

Have you ever stared ahead at a busy next week and just knew that it will be a challenge with overtime on the rise, and the very real possibility of people taking unscheduled days off? If so, you’re not alone. Solutions to these problems have typically been to allow overtime to rise or risk customer dissatisfaction by pushing out customer promise dates.

Topics: On-Demand Labor Better Workforce Next Generation Labor Next Generation Workforce Flexible Capacity
5 min read

Now is the Time to Take it Back

By Mike Kinder on Mar 11, 2020 3:56:17 PM

Supply Chain Resilience amidst the Coronavirus

Now is the time for US manufacturers to take back what’s been given away.  The current Coronavirus related global supply chain disruptions are exposing what we all already knew: we have drastically over-rotated on Chinese buy and left our supply chains vulnerable and unstable.  Every company I have spoken to in the last month is feeling the impact and currently scrambling to rebalance their spend – this is the time to reclaim volume and US manufacturers must rise to the occasion.  Put yourself out there and get that volume back.  Get aggressive and reassert yourself as the top supplier again.  You can do it.  A lot has changed in the last 20 years and now is the time to usher in that previously elusive US manufacturing renaissance. 

Topics: On-Demand Labor Next Generation Workforce Digital Manufacturing Marketplace for Labor Coronavirus Global Supply Chain US Manufacturing
2 min read

The True Cost of Hourly Labor

By Carter Stanley on Jan 7, 2020 11:06:46 AM

I spent the early part of my career in Corporate Finance for many recognizable names in consumer goods manufacturing, and no matter how sophisticated the financial reporting system was, figuring out what hourly labor truly cost was always quite an exercise. If answering this seemingly simple question is difficult for a large Fortune 100 company to answer, it is not surprising that many of the businesses I talk to on a weekly basis simply are not educated on the true cost of their “$10/HR” labor.

Topics: On-Demand Labor Better Workforce Labor Intelligence Next Generation Workforce Digital Manufacturing On-Demand Technology Veryable Marketplace for Labor labor cost
2 min read

What labor shortage?

By Rich Tompkins on Oct 1, 2019 2:01:55 PM

You've likely seen the headlines.... "Lots of help wanted", "Warehouse hiring surges", "A tight labor market holding small business back", etc. 

Topics: On-Demand Labor Better Workforce Next Generation Workforce Flexible Capacity Marketplace for Labor
3 min read

Veryable: The Solution to Improving Operational Metrics

By Veryable Editorial Team on Aug 27, 2019 1:03:34 PM

In the world of modern manufacturing and distribution, operations leaders are evaluating production metrics every day – a blue-collar version of the NYSE Big Board.  And as businesses race to keep up with this modernization, they acquire technology that allows real time, 24/7 access to these same production metrics.  The result is a NYSE Big Board that never closes for the day…  these operations leaders wake up, grab their smart phones and check the numbers.  They check the numbers when they get to the office and again at lunch.  They get one last check before the commute home and then one more peek before the lights go off at night.  Production metrics are everywhere, hunting down the operational bottlenecks, shutdowns and challenges.

Topics: Next Generation Workforce Digital Manufacturing On-Demand Technology Veryable
2 min read

A New Approach to Millennials

By Pete Conrad on Mar 14, 2019 8:59:00 PM

In a recent conversation with an Operations Director, he was describing how his breakroom has grown quiet over the past few years. The change in breakroom atmosphere is not due to a poor work environment or staffing issues but rather to how everyone now interacts with their phones instead of each other. This story really brought home the fact that the workforce is changing right in front of us and fast, as I can relate to a few years ago when a manager could not get a word in edgewise in the breakroom – even when he was announcing he bought lunch for everyone!

Topics: Next Generation Workforce
2 min read

Coping with a Skilled Labor Shortage

By Pete Conrad on Nov 14, 2018 3:55:00 PM

Labor Trends in US Manufacturing

As we mentioned in the Megatrends post, US manufacturers are facing a number of headwinds when it comes to sourcing their labor.  These manufacturers differentiate themselves by employing a skilled labor force to create products.  However, Most US manufacturers are small firms with 75% of them employing 20 people or less.

Topics: Next Generation Workforce
2 min read

Closing the Skills Gap

By Jeff Wells on Oct 1, 2018 4:41:00 PM

THE SKILLS GAP PROBLEM

The manufacturing industry is booming, and soon there will be more jobs than workers.   Where have all the workers gone?  They are retiring at an alarming rate, and the manufacturing industry has failed to appeal to the younger generations.   Traditionally, manufacturers have looked to technical schools, unions or apprenticeship programs to provide skilled labor.  The problem with these traditional models is they aren’t working for the new workforce.  The training and apprenticeship programs are too long, too expensive and have too much turnover.

Topics: Next Generation Workforce
2 min read

Why Independent Workers Are Taking Over The World

By Ariana Spunt on Jun 12, 2018 5:13:00 PM

Millions of people around the world are waving goodbye to the traditional cubicle work life and saying hello to independent work. 

Topics: Next Generation Workforce
4 min read

Hidden among the other 37%

By Mike Kinder on Dec 9, 2016 6:35:00 AM

The November jobs report released last week showed another step in the right direction for the U.S. economy as unemployment rate fell to 4.6%, the lowest level since 2007.  The economy added 178,000 jobs in November continuing the momentum that has kept unemployment rates steadily at or below 5% throughout 2016.  The primary factors behind the unemployment rate improvement in November: number of jobless workers decreased, number of people with jobs increased, and the total size of the labor force decreased.  Yes, that third point counts as a “good guy” in the calculation – that the size of the labor force decreased.

Topics: Next Generation Workforce