Workforce training is one of the simplest methods of filling the job market, especially when factors such as poor training and lack of sufficient education have been attributed to low production among workers, and the companies involved. With this in mind, various companies have taken upon themselves to train their workforce as a way of ensuring productivity among the staffs. One such company is Woodland Pulp.
Woodland Pulp is a paper-making company based in Maine. Back in the year 2010, the company faced some hurdles that threatened its existence in the industry. The company had plans of updating its legacy paper mill at an estimated cost of $120 million. However, this was not the only problem the company faced. The workforce that the company expected to work with was not versed with running the business. The need for the company to recruit capable employees who were dedicated to the job was essential if the company was to remain relevant in the industry.
As a way of addressing the problem, Woodland Paper Pulp company decided to use a formula that would finance the paper mill project. The company settled on the New Markets Tax Credit Financing to oversee its financial woes. With the upgrade and subsequent expansion of the mill, the company projected a preservation of more than 320 jobs. Apart from this, its St. Croix Tissue plant projected the creation of up to 80 new jobs.
The company also faced problems when it came to recruiting workers. As a matter of fact, it was difficult for the company to hire employees who were not versed in the culture of the region. As a way of dealing with this problem, the company decided to invest in training only the people based in the region. The company was able to work confidently with the CEI Capital Management company whose primary contribution was to add community benefits that would encompass the workforce. Thanks to the contribution brought forth by the CEI Management company, the paper company collaborated with local learning institutions to support the comprehensive training of the selected workforce.
With these measures, the company was able to get the right workforce required to oversee its all-inclusive operational activities. This primarily brings to light the importance of developing new training measures to oversee the growth or productivity of a company. With this in mind, other companies should follow suit if they plan on getting the right task force required to oversee their day-to-day activities.