Reshoring and demand growth is happening at a time when the existing skilled workforce is approaching retirement. As experienced workers begin to age out of the workforce, there’s a lack of up-and-coming talent with the required skillset and experience to replace them. Manufacturers are already feeling the impact of this, both in terms of capacity constraints and increased costs for hiring and retaining workers. Many look to increased incentives to attract talent, or even capital improvements to reduce the need for workers, but a simpler and often overlooked approach is available. Eliminating waste by reallocating lower skilled work can help your organization better utilize your existing workforce, and help you upskill the next generation of workers to take their place.
3 min read
Creativity Over Capital: Addressing The Skilled Labor Gap
By Bob Einspar on Sep 7, 2023 9:00:00 AM
Topics: Workforce Innovation
6 min read
Revolutionizing Manufacturing: How Veryable Is Reshaping Talent Acquisition and Retention
By Matt Morgan on Aug 15, 2023 9:13:11 AM
In the aftermath of the unprecedented economic downturn caused by thepandemic in 2020, the manufacturing sector has displayedresilience in recovering lost jobs.As a matter of fact, it is not about the availability of jobs; it's aboutfinding and retaining the right workers to fill key positions. As of June 2023, there were582,000 job vacancies within the manufacturing sector, highlighting theurgent need for innovative approaches to talent acquisition and retention.
Topics: Workforce Innovation
3 min read
The Meritocratic Advantage of Veryable
By Matt Morgan on Aug 1, 2023 9:00:00 AM
In the realm of business, evaluating different paths of opportunity involves an assessment of risk versus the value proposition. When the potential returns far outweigh the risks, the decision becomes easy. For manufacturers and distributors seeking streamlined workforce solutions, this process is no exception. The question arises: "How can my business optimize its operational efficiency and maximize returns?" Enter Veryable, an innovative platform that redefines operational efficiency, transcending the limitations of traditional staffing firms.
Topics: Workforce Innovation
3 min read
Enhancing the Gig Economy: Empowering the Modern Workforce
By Matt Morgan on Jul 18, 2023 10:35:38 AM
The rise of the gig economy and the emergence of app-based platforms have fundamentally altered the landscape of work, allowing individuals to earn income and access services in new and innovative ways. However, these advancements have not come without their share of challenges. Recent regulatory decisions and proposals have ignited a debate surrounding the proper classification of independent workers within this evolving ecosystem.
Topics: Workforce Innovation
6 min read
Robotics Asset vs Labor Pool Asset
By Pete Conrad on Oct 15, 2021 10:16:14 AM
Automation, whether robots or co-bots, are drawing a lot of attention these days with the 43.7% growth of e-commerce and the increasing fulfillment needs across a number of industries and consumer categories. We’ve all heard the familiar refrain that automation is taking over in manufacturing and logistics, but that has not been the case due to offshoring versus automation.
Topics: Digital Manufacturing Workforce Innovation Comparison Blogs
4 min read
Three Human Barriers to Labor Digitization and How to Promote Buy-in
By Seth Canner on Oct 1, 2021 2:00:00 PM
As a company decision-maker, you know that continuous improvement is critical to competing, and digitization is all but required to win in today’s market. However, stakeholders don’t always agree on the best way forward. Often the introduction of any new technology to your long-standing operations is a battle, and buy-in at all levels is necessary to maximize value creation.
Topics: Digital Manufacturing Workforce Innovation "How to" Blogs
4 min read
How is Veryable's Operator Reliability Rating Calculated?
By Adam Rubatt on May 14, 2021 8:26:37 AM
Whether you are a business or an Operator on the Veryable platform, one of the first things you’ll notice is the Operator reliability rating. That sounds like something you’d want to score highly on, but what does it mean?
Topics: Workforce Innovation
3 min read
How Are Veryable Workers Screened? (Background Checks & Verification)
By Kyle Klansek, Vice President - Legal and Risk on May 5, 2021 11:15:00 AM
As someone in charge of who comes in and out of your building every day, you’re rightfully concerned about their safety and anything that might jeopardize that. There’s a lot of thought put into who you hire and work with every day, because the right people make a big difference.
Topics: Workforce Innovation
3 min read
What Skilled Work Can Veryable Operators Do?
By Steven Calhoun on Apr 8, 2021 4:30:00 PM
So you’ve heard of on-demand labor, and you’re almost ready to try it out, but first you want to know what type of work these workers can actually do. Maybe you’re looking for specialized workers, but you don’t have a need often enough to hire someone full-time. Or maybe you’re looking to support your existing skilled workers by bringing in workers to help with setup and cleanup tasks.
Topics: Workforce Innovation
6 min read
How Does On-Demand Labor Impact Full-Time Employees?
By Steven Calhoun on Apr 7, 2021 3:55:43 PM
If your company regularly gives out overtime and your workers have come to expect it, you might be hesitant to adopt any solution that would wipe this away for fear that your employees would get upset about their lost income and quit. Likewise, if you’re already having employee satisfaction problems, you might hesitate to test the waters with any labor solution that might cause concern about job security.
Topics: Workforce Innovation
4 min read
Will Veryable Workers Impact Safety in My Workplace?
By Kyle Klansek, Vice President - Legal and Risk on Feb 24, 2021 11:00:00 AM
The safety of the people working in your building is a top priority. You’ve probably spent considerable time and money ensuring that your operations are safe and accident rates stay as low as possible. So it’s natural that you’d be concerned about safety when bringing in people you haven’t worked with before.
Topics: Workforce Innovation
4 min read
The Benefits of a Rating and Review System for Workers and Businesses
By Steven Calhoun on Feb 3, 2021 9:30:00 AM
When you shop for something, you look for ratings and reviews by other people. In the age of the Internet, that’s just how it goes. But even before the Internet, word of mouth was how people decided between Bill’s shop or Bob’s.
Topics: Workforce Innovation "Benefits of" Blogs
8 min read
How to Scale a Manufacturing Business Without Mass Hiring
By Steven Calhoun on Nov 19, 2020 9:30:26 AM
Scaling your manufacturing business is hard work. You know that you will have to spend money to achieve this goal, but maybe you aren’t sure where your money would produce the greatest return on investment. Perhaps you’re even wondering if there are ways to scale without spending.
Topics: Workforce Innovation "How to" Blogs
4 min read
Determining Independent Contractor Status: How New DOL Regulation Affects Worker Classification
By Kyle Klansek, Vice President - Legal and Risk on Oct 23, 2020 11:41:15 AM
If you’ve ever engaged with independent contractors for a project, you likely understand how difficult and confusing worker classification can be in the United States.
Topics: Workforce Innovation
8 min read
Traditional Staffing vs On-Demand Labor Platforms
By Pete Conrad on Oct 8, 2020 5:37:44 PM
You’ve just gotten a 10% increase in orders, 1 employee is out on a scheduled vacation, and another two have called off for the day. Now you find your operations team is short and you’re scrambling to make sure you can fulfill orders. What are your options?
Topics: Workforce Innovation On-Demand Labor vs. Temp Staffing Comparison Blogs
2 min read
Right Tool for the Job
By Nick Parrish on Apr 30, 2020 9:31:38 AM
Have you ever tried to fix something that required a tool or a part, but once you had the tool, you still couldn’t solve the problem? I’m flashing back to trips between my house and the hardware store, after getting home and via trial and error, realizing I needed a different size, different brand, or different tool altogether.
Topics: Digital Manufacturing Workforce Innovation
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: Workforce Innovation Cost Reduction
3 min read
A New Approach to the Labor Challenge
By Jeff Wells on Jul 2, 2019 9:23:00 AM
This article from the Dallas Morning News highlights how the labor shortage is slowing the Texas economy. This article, along with many other articles that have been published recently, describes how the lack of “skilled” labor in the workforce is preventing companies from growing. While there is no doubt that the low unemployment rates throughout the country indicate a lack of available labor, the question still remains…what do businesses really mean when they say, “we can’t find skilled labor?”
Topics: Workforce Innovation Megatrends
3 min read
The Rise of the Industrial App
By Mike Kinder on May 21, 2019 8:59:00 AM
“If you try to be everything to everyone, you’ll be nothing to no one.” – Unknown, perhaps the author?
Topics: Workforce Innovation
2 min read
Millennials in the Workforce
By Pete Conrad on Mar 14, 2019 8:59:00 PM
In a recent conversation with an Operations Director, he was describing how his break room has grown quiet over the past few years. The change in break room atmosphere is not due to a poor work environment or staffing issues but rather how everyone now interacts with their phones instead of each other. 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 break room – even when he was announcing he bought lunch for everyone!
Topics: Workforce Innovation
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: Workforce Innovation Troubleshooting
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: US Manufacturing Workforce Innovation
3 min read
Veryable - Capacity at the Click of a Button
By Noah Labhart on Jul 30, 2018 9:32:00 AM
Businesses today face numerous challenges with adding capacity to their operation. They need a solution that can get capable, vetted workers inserted into their operation as soon as possible.
Topics: Workforce Innovation
3 min read
Online Platforms are Growing On-Demand Labor
By Ariana Spunt on Jun 21, 2018 2:45:00 PM
Online Growth
Veryable offers a marketplace for on-demand labor that allows businesses and workers to connect. This use of a digital platform is similar to companies such as Uber, where a service is provided on-demand. According to the McKinsey Global Institute’s report, discussed in our previous blog, around 15% of independent workers have used an online platform to find work, but this number is growing. The benefits of using a digital shared labor pool are endless. The MGI survey gives us a few concrete examples of the benefits of an online platform.
Topics: Digital Manufacturing Workforce Innovation
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: Workforce Innovation Megatrends
4 min read
Digital Manufacturing and Labor
By Mike Kinder on Dec 15, 2017 5:41:00 PM
The large-scale redistribution of operational intelligence is an underrated consequence of digital manufacturing and other IoT based operational capabilities. We previously explored how to think about Digital Manufacturing as a specific category of use cases and this installment will pick up specifically on the labor implications of such use cases.
Topics: Digital Manufacturing Workforce Innovation
2 min read
The Benefits of Shared Labor Pools
By Olivia Dossett on Oct 10, 2017 6:20:00 PM
As both employers and employees know, there’s a perpetual struggle to balance between the interests of a company and those of its employees. Companies benefit by cutting costs while increasing production, whereas workers benefit from increased pay and flexible hours. As we’ve mentioned before, neither party can be faulted for these expectations, which is why it is high time for a solution that satisfies everyone’s needs. And that’s exactly what a shared labor pool creates: a competitive environment that benefits both sides of the equation.
Topics: Workforce Innovation Getting Started "Benefits of" Blogs
2 min read
An Evolving Workforce
By Mike Kinder on Sep 14, 2016 3:10:00 PM
Manufacturing technology and the impact on human capital
In an interview with Strategy+Business, Joe Kaiser, CEO of Siemens, commented on the future of the manufacturing workforce saying that "remaining human resources will need different skills than workers used to have... People will still be in the factory, but they will be doing different work than they used to. Reskilling workers is a lot of hassle."