Putting Talent at the Centre An Evolving Imperative for Manufacturing 2025

Flex – Althofen, Austria TABLE 5 Site Change storyTalent innovations Description Impact Flex – Althofen, AustriaFlex Althofen, a leading manufacturer of medical devices, recognized the need to adapt to an increasingly competitive market and evolving technological landscape. To remain competitive, they embarked on a transformative journey focused on talent development, process optimization and digital innovation.Building a strong talent pipelineYear-round programme training apprentices in various technical and business areas Over 1,000 graduate apprentices ensuring a pipeline of skilled talent –A 20% increase in the number of hired apprentices Trainee to technicianA six-month programme to develop employees into highly qualified technicians Enhances career prospects and strengthens the future workforce –A 28% increase in the number of trainees –A total of 82% of candidates who rate the candidate journey positively –A 60% decrease in attrition Efficient talent acquisitionCollaborative applicant tracking system streamlining the hiring process, allowing for quicker decision-making and a better candidate experience –A 267% decrease in time to fill –A 600% decrease in time to react to candidates –A 40% increase in candidate satisfaction Nurturing future business leadersPartnership with a local high school to offer industry-specific training, improving time-to-fill and reducing the need for external training –A 30% increase in the number of students in the industry high school Strategic workforce planningCompetency model promotes continuous development by tracking skills and providing targeted training to meet current and future needs –An 11% increase in customer satisfaction Creating a positive and inclusive workplaceSupportive community to develop managers and boost employee satisfaction and retention Encourages knowledge sharing and provides mentoring and coaching Offers workshops for personal and professional growth and specialized training for new managers to help them succeed –A 7% increase in the rating of direct managers –A 44% increase in women in leadership roles 32 Putting Talent at the Centre: An Evolving Imperative for Manufacturing