Where is everyone?

Australia's asset management and maintenance sector is facing a resource shortage, with businesses struggling to find the skilled workers and resources they need to maintain their assets and keep their operations running smoothly. The shortage is due to a range of factors, stemming from the impact of COVID-19 on global supply chains and the ageing workforce in the industry. This shortage is a significant challenge for the industry and requires innovative solutions to ensure that assets are managed and maintained effectively.

One solution to the resource shortage is investing in training and education. By providing education and training programs, businesses can help to develop a skilled workforce that can meet the needs of the industry. This can include programs that focus on specific skills such as equipment maintenance, asset management, or health and safety, as well as more general programs that provide workers with a broader range of skills.

Another approach to solving the resource shortage is to improve the working conditions and job opportunities for workers in the asset management and maintenance sector. This can include offering competitive wages and benefits, creating more flexible work arrangements, and providing opportunities for career development and advancement. By creating a more attractive work environment, businesses can attract and retain more skilled workers, which can help to address the shortage in the long term.

In addition to investing in training and improving working conditions, businesses can also explore alternative solutions to the resource shortage. This may include outsourcing some asset management and maintenance services to third-party providers or using technology such as predictive maintenance and data analytics to reduce the need for human resources.

Another innovative solution is to leverage the gig economy, which allows businesses to access skilled workers on a temporary or project basis. This approach provides a flexible and cost-effective way to access the skills and expertise needed to maintain assets and manage maintenance tasks, without the need for a permanent workforce.

Ultimately, addressing the resource shortage in the asset management and maintenance sector requires a multi-faceted approach that involves a range of stakeholders, including businesses, government agencies, and training providers. By working together to develop innovative solutions, we can help to ensure that assets are managed and maintained effectively, ensuring the long-term sustainability and productivity of the industry.

What are you do to lock in current resources and attract new personnel to your organisation?