Manufacturing Industry Talent Insights Report 2024
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Manufacturing’s Future Workforce Unveiled
Don’t you just wish as a hiring manager and leader in the manufacturing industry, that you could just stare into a crystal ball and find all the answers you need. Especially when you know that a large part of the manufacturing workforce will be retiring by 2025, and that it is going to be increasingly difficult to find people with the right skills to replace them.
The manufacturing industry is also facing supply chain disruptions and issues with demand forecasting. You need to have great people on board.
In such a scenario, you need to find ways to get around these challenges and get the right people on board. And you cannot do that without deep insights. Hiring activity has surged to an all-time high in five years in the manufacturing industry? But where is such hiring happening and what are the cities that are contributing to such talent? And how much would such enterprising talent need to be paid?
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What’s Inside?
The 2024 Manufacturing Insights report focuses on the latest trends in manufacturing, the future of manufacturing in India, how manufacturing is boosting the job market even in rural areas, swiftly replacing agriculture as a potential top employer, and how much it is contributing to the national economy.
The Report also highlights how India has gained and lost manufacturing talent to top countries worldwide and reinstates faith that this augur well for the manufacturing industry in India. You also get to know how much hiring is happening across the various sectors that use manufacturing!
What will shape your hiring priorities?
Before you can hire for an industry, you need to be up to speed with the current trends in the industry. According to the report, with the rise of Gen AI, and manufacturers looking to increase their investments in Gen AI by 40%, the investment on data analytics and AI technologies will go up, and with that the need for data scientists and data analysts too.
With the manufacturing industry supporting the agricultural industry and reducing the need for labor while also increasing the productivity, there could be a movement of talent in rural areas from agriculture to manufacturing, further increasing the synergy between agriculture and manufacturing in India.
If you are in the urban area, we have tried to answer these questions for you:
- What is the location best suited to hire from to get the best candidates onboard?
- And once they are onboard, how difficult is it to retain them?
- Should you be worried about attrition rate in the manufacturing industry today?
- How much of the talent has India lost and how much remains and does it augur well for us?
Now you can focus all your hiring energies on these locations and have better faith in your decisions, thanks to this report!
What functions in the manufacturing industry have the highest number of professionals in India, making it easier for you to hire in these categories? Now focus more on those categories where it is harder to hire, making it easier to meet your strategic imperatives in HR.
Download the report on India Manufacturing Industry Talent Insights Report - 2024
The Relevance of Deep Research and Insights
You need to find ways to get around these challenges and get the right people on board. And you cannot do that without deep insights. Hiring activity has surged to an all-time high in five years in the manufacturing industry? But where is such hiring happening and what are the cities that are contributing to such talent? And how much would such enterprising talent need to be paid? These are just some of the questions we have managed to answer for you.
