Industry Consortium for Advanced Technical Training (ICATT), the leading apprenticeship program for high-tech manufacturers and companies with complex technologies or logistics, published a new white paper as a resource for companies that are grappling with a skilled workforce shortage and weighing the make-or-buy decision to find the talent they need.
While manufacturing is experiencing a revival, available talent is on decline, underscored by statistics for Illinois: 20,000 manufacturing employees retiring each year and only 5,000 entering the profession.
ICATT’s white paper, Make or Buy? The Classic Strategy Decision Applied to the Skills Gap, addresses the talent shortage and outlines proven solutions, both short and long term.
“Increasingly industry leaders are exploring the concept of “making” a sustainable solution that provides a pipeline of talent over time versus “buying” a staffing solution,” said Virginia Rounds, Director of the ICATT Apprenticeship Program. “The latter depends upon finding qualified talent when and where you need them – and that is a very tall order in the current market. As a result, many in manufacturing are opting to “make” their own talent pipeline in order to create a long-term solution.”
The ICATT Apprenticeship Program helps employers overcome the hurdles involved with this shift their workforce strategy. To download your copy, click here.
To learn more about the ICATT Apprenticeship Program, click here.