8.6 percent of the USA’s workforce works in the supply chain-- and as those 11 million people grow the industry, experts predict an additional million employees will be needed by 2030.
As we know, the common inevitability in the workforce is that the baby boomers are aging, the number of workers aged 55 or older will increase by 43 percent between 2008 and 2018.
Smart companies can begin their search now for new, young talent ahead of when the majority of boomers retire.
Employers who invest in employee well-being can improve satisfaction and commitment while decreasing turnover-- hiring a new employee costs about 150 percent of a year’s salary or wages, and replacing highly skilled workers costs even more. Improvements that include implementing technology and automation, reducing the physical demands of the job, soliciting and using employee input, improving the physical environment with natural light, air conditioning and adequate work space and facilitating interactions among coworkers and supervisors.
Some of the jobs that are expected to see a big rise in demand for labor include automation technicians and truck drivers for pallet shipping. As more and more warehouses and distribution centers automate operations, more new jobs are created to maintain the machines and ship the products they create.
The supply chain is growing and demanding more workers. Though it will be a challenge to find the right people over the next few years, this is an opportunity for companies to better communicate potential job opportunities, and effectively train new workers to create a more robust supply chain workforce.