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Technology is changing the way work is done. How can industries keep up with the demand of innovation? Peggy Smedley takes a stance, and holds leaders responsible for the task of skilling, reskilling, and upskilling employees for the future of work. She talks about the labor shortage—which is due to the retiring baby boomers—younger generations’ lack of interest for trade jobs, and even the result of connected devices on the jobsite being pertinent to the increasing skills gap. In the end, she explains the significance of restructuring from the top, beginning with a leadership revolution of change in order to fix the problem with labor shortages, the skills gap, and workers’ new roles in the face of automation.
2Investing in People Is Profitable
Peggy welcomes Robert Mercado, a partner in the Assurance Services division at Marcum LLP, to the show to discuss best practices to improve profitability. He agrees that to adopt technological innovation in any industry, it begins with leadership. He advises that in an industry facing fast changes, a leader’s role is to offer mentorship opportunities in order to prepare future workers. Further, he explains the importance experienced workers training the incoming workforce. Mercado goes on to say that industry leaders need to think further out, and start sending speakers to schools, where they can offer middle schoolers and high schoolers alternatives to a four-year college education. He concludes by advising companies to find ways to bridge experiences of both older and younger generations in the workforce for better company results.
3Leadership Advice
James Arthur Ray, author and entrepreneur, joins Peggy once again, this time to talk about leadership roles and responsibilities. He encourages leaders to be self-aware to recognize the pertinence between leader and employee. “When something is wrong with my company I have to look at me first,” he says, as he advises leaders to take a deeper look into their employees’ interior values.