The phrase, “The only constant in life is change” could not be more true in today’s rapidly changing workplace.
As for the skilled trades industry, what changes are companies facing, and what can they do to make sure their organizations and employees navigate those changes as smoothly as possible?
Advanced technology and automation, changing demographics within the workforce and career progression are just three of the major changes skilled trades business face today.
In this episode of “TSWF”, host Brett and Tim discuss the variety of changes within the skilled trades industry and beyond, and discuss how important it is to execute change in a well-thought-out manner. Business leaders and owners, this is an episode you won’t want to miss. Add this information to your artillery of knowledge for the health of your company by checking out our latest episode of “The Skillwork Forum”.
Main Takeaways:
| Millennials have replaced the baby boomers as the dominant demographic in the workforce.
| Automation and advanced technology is a driving factor for change in the skilled trades space.
| Despite the certainty of the need for change, half of all change initiatives fail.
| Career progression in the workforce has gone from linear to unpredictable.
Timecodes:
00:00–04:27 | The nature of change and future predictions of change trends
04:27–08:47 | Significant drivers of industry change
08:47–13:14 | Why the predicatability of career progression has changed
13:14–16:56 | How organizational changes affect employees in the workforce
Quotes:
💬“Today, the typical organization has undertaken five major firm-wide changes in the past three years.” – Brett Elliot, President and CEO of Skillwork
💬“Millennials have become the dominant demographic in the workforce, and companies need to understand how THEY want to work.” – Tim Raglin, COO of Skillwork
💬“It’s a risky proposition to change without a well-thought-out plan to do so.” – Brett Elliot, President and CEO of Skillwork
💬“The only constant thing in life is change.” – Tim Raglin, COO of Skillwork