Need Workers? Help Them Relocate

By offering better relocation benefits, manufacturers can draw skilled workers from a wider area.

To survive, automotive suppliers need to adapt to changing industry dynamics.

Photo courtesy Ford Motor Co.

OMAHA, NE—Manufacturers can attract new workers by offering better relocation benefits.

That is the conclusion of a new whitepaper released by NEI Global Relocation, a U.S.-based relocation services provider. The whitepaper, “2024 Relocation Trends in Manufacturing,” highlights the need for manufacturing companies to modernize their relocation policies to attract and retain skilled talent.

According to the whitepaper, the manufacturing sector is facing a significant skills gap, with a study by Deloitte and The Manufacturing Institute projecting a potential 2.1 million job vacancies by 2030. This gap has been exacerbated by a retiring skilled worker base and misconceptions about the nature of modern manufacturing jobs.

In response to these challenges, NEI’s whitepaper suggests that manufacturing companies can gain a competitive advantage by enhancing their relocation benefits. One key area of opportunity lies in the implementation of partial lump sum programs, which the whitepaper notes are preferred by a significant portion of manufacturing firms. These programs offer customizable support for various relocation expenses and can help companies attract top talent in a competitive market.

The whitepaper also highlights the importance of maintaining steady economic policies within the manufacturing sector, particularly in relation to cost of living adjustments and home sale benefits. Unlike other industries, manufacturing has historically maintained consistent policies in these areas, providing a sense of stability for employees navigating relocation.

“A company within the manufacturing sector that adopts a more robust and forward-thinking relocation policy not only differentiates itself but also has a golden opportunity to secure and retain the industry's best talent. As the landscape evolves, those willing to enhance their benefits in thoughtful ways could obtain a sizable competitive advantage.”

The whitepaper suggests companies that are willing to invest in more progressive relocation policies will be well-positioned to navigate the sector’s evolving talent landscape.

To access NEI Global Relocation’s full whitepaper, visit the company’s website.

Source: This article was edited by AI with human oversight.

The ASSEMBLY Show South

ASSEMBLY is thrilled to return to the Music City Center in Nashville, TN for The ASSEMBLY Show SOUTH on May 1-2, 2024. This is a booming time for manufacturing and the U.S. South is right in the heart of the action. According to ASSEMBLY’s most recent annual capital spending survey, the South is projected to account for 31 percent of total spending this year, marking the fifth straight year this region has accounted for at least 30 percent of capital spending in the U.S.

In this session, manufacturers will learn how Quality function deployment (QFD) can transform consumers’ qualitative demands into quantitative parameters that will shape the design of their product and, ultimately, their manufacturing process.

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