“The Great Resignation” has been all over the news in recent months, and most organizations—including those in the lubricants industry—have felt deeply the effects of the historic shortage of qualified candidates. While there has been some debate as to whether people are merely quitting their jobs or if those already close to retirement are simply choosing to retire early, in any case there has been a mass exodus from the workforce. This phenomenon has forced many companies to scramble to retain current talent as well as to find new talent to fill open positions.
Add the Great Resignation to the shortage of skilled labor that has been in the works for several years and this can put organizations involved in reliability maintenance in a real conundrum. The questions plaguing business leaders of the past are quite different in the present. Many are asking, “What is the best and most effective way to retain a talented workforce, and how can companies bring new employees up to the skill level required to complete the important tasks at hand?”
While often overlooked, one answer to these questions is for companies to invest some of their resources in high-quality employee training.