The automotive industry is facing a significant talent gap in the coming years, as the landscape of automation and outsourcing continues to evolve. The shifting role requirements and the redundancy of current positions are posing a major challenge for the industry. It is estimated that approximately 260,000 roles will need to be filled by 2030 (Source: XYZ Report).
Addressing this talent gap will require a strategic approach, as the traditional methods of recruitment and retention may not be sufficient to meet the industry’s needs. The industry can fill a portion of these roles by recruiting graduates with the necessary skill sets, retaining apprentices, attracting talent from other sectors, and reskilling current employees to meet the evolving demands of the industry.
However, even with these efforts, it is projected that approximately 60,000 positions will still remain unfilled in Germany by 2030. This presents a pressing need for the industry to address the talent gap in a comprehensive manner.
To tackle this challenge, we propose a 6B approach: Build, Buy, Bind, Borrow, Bot, and Bargain. The “build” and “buy” measures focus on developing and acquiring talent through upskilling, recruitment, and enhanced workforce optimization. The “bind” measure aims to retain high-potential talent by making the workplace more attractive, while the “borrow” measure involves strategic partnerships with external talent providers. The “bot” measure focuses on automating processes through digital tools and artificial intelligence, and the “bargain” measure involves negotiating regulatory requirements to facilitate workforce transformation (Source: Industry Experts Review).
It is clear that the industry needs to take proactive and holistic steps to address the talent gap. By implementing a capability-driven talent management approach, automotive players can position themselves to navigate the talent challenges and build a workforce equipped for the future.
In conclusion, the automotive industry must act decisively to address the impending talent gap. By embracing a strategic and proactive talent management approach, the industry can build a workforce that is well-equipped to meet the demands of the future. Through a combination of recruitment, retention, upskilling, and strategic partnerships, the industry can position itself for success in the years to come.