Richards Industries is the parent company of six distinct industrial product lines: Jordan Valve, Steriflow Valve, Marwin Valve, LowFlow Valve, Hex Valve, and Bestobell Steam Traps. Their key markets include chemical, petrochemical, pharmaceutical and food processing industries as well as paper products, tire and rubber, machinery and electrical equipment, transportation equipment and energy industries. As business continues to grow, Richards Industries has found it to be difficult to find qualified candidates to fill middle- and high-skill job openings. As a result, Richards Industries began to engage with Partners for a Competitive Workforce’s (PCW) Advanced Manufacturing Industry Partnership (AMIP).
II ROI Calculator
The Manufacturing Institute developed a return on investment calculator that could be used to quantify the business impact of partnering with an educational institution on manufacturers when used opposed to traditional sourcing options. The calculator identifies current costs incurred by manufacturers in hiring and training new job seekers and compares the current process to costs associated with the implementation of an alternative method. See the calculator here.