One of the most significant challenges facing many businesses today is the dire shortage of highly skilled workers. These shortages are reaching such alarming levels that business leaders and economic pundits believe the mismatch of supply and demand could hinder economic recovery. However, the following six steps have the potential to mitigate the effects of a skills shortage without increasing costs.
With January's job numbers to be released soon by the Labor Department, economist are expecting to see the economy improve by the unemployment rate dropping again. Presently, the jobless rate in the United States is 5.6 percent, an eight-year low.
Critical to the success of every bank is creating a healthy balance between outstanding customer service and employee satisfaction. Establishing a customer-first mentality starts with developing a framework of processes, systems and behaviors that support the customer experience.
Safety nowadays is just as relevant in the oil and gas industry as it was 10 years ago. And, while the industry continues to make great strides to reduce the amount of job-related injuries, the reality is the same safety policies and procedures that have been in place for years are simply not enough to prevent fatalities. Based on our depth of experience working with oil and gas executives,
The ability to run operations at full capacity, and then sustain them, is a major challenge for the mining industry. Vital tasks, such as crushing and transferring minerals, are suffering because people and equipment are not being utilized properly. The end result is low productivity and the high costs that are associated with it. However, our recent findings show that it in many cases it is possible to increase productivity in mining between 20 - 40%, reduce supply costs between 10 - 15% and cut energy costs by 2 - 10% through effective asset management.
Knowledge transfer a must
In the natural resources industry, companies are faced with the daunting challenge of maintaining current production levels despite an industry-wide shortage of skilled workers. For example, the lack of college graduates specializing in mining operations
Due to the influx of patients caused by health care reform, doctors barely have enough time to see patients let alone pharmaceutical sales reps. Since the chances of spending quality time in front of a doctor are now few and far between,
The evolution in the style of the successful CEO over the past several decades has been dramatic. Today’s style, marked by collaboration and efforts to mold consensus, and alignment, was preceded by a micro-managed, top-down hierarchical and power-driven approach.
