Lean Six Sigma: an international certification to reduce unemployment and support businesses
The Lean Six Sigma methodology represents one of the elements that could support companies and unemployment in these delicate times. In this article, we will analyze the economic scenario and the impact that a Lean Six Sigma training could have in the workplace. Statistics released by Eurostat in March, show that the unemployment rate in the euro area stood at 8.1%, down slightly from 8.2% in February, but up from 7.1% in the same period of 2020. To these data, it must be added the difficult situation of companies that, as pointed out by the International Monetary Fund (IMF), could impact about 15 million jobs in the near future.
The problem, linked to the COVID19 health crisis, also touches other categories. In particular, young people are highly affected, psychologically and practically, by this negative market scenario and changes in the work sector. Therefore, how can professional training help such a sensitive international context? It does not seem right thinking about investing in such uncertain times but, by analyzing the principles of Lean Six Sigma, we will see how the methodology can support business and employment.
What is Lean Six Sigma and how it can support businesses?
Lean Six Sigma is a methodology that combines the concepts of lean management, such as reducing waste and improving critical processes, with Six Sigma’s quality control and elimination of process defects to increase a company’s performance. In this context, the principles of resource optimization and waste reduction, resulting in lower costs and improvement of financial metrics, could make the difference between business continuity and failure. Hence, being able to analyze the stages of the production process and internal bottlenecks becomes a highly relevant skill to possess.
An introspective analysis of the business could produce a thorough investigation of waste and defects within its processes, as well as achieving more efficient resource utilization. Quality and waste can therefore be measured and quantified to find in the Lean Six Sigma principles the solution to many of the problems highlighted. These skills can therefore assist companies in restructuring internal processes, making those that have suffered the most from the decline in revenues and the impact of fixed costs more efficient and robust. The strategic and technical knowledge that the Lean Six Sigma methodology provides can only add value both to young professionals – who have yet to find a role in the workplace – and to senior managers and entrepreneurs who want to test it within their company’s processes.
During times when companies are cutting budgets allocated to their employees’ growth, it seems instead like the right time to invest in their skills, especially those that will make their company stronger and more efficient.
Six Sigma Management Institute
The Six Sigma Management Institute was founded by Dr. Mikel J. Harry. For over 30 years, we have coached hundreds of companies and trained thousands of individuals both with the goal of helping them achieve the highest level of performance in their industries and professional careers. During these highly complex and variable times, we believe that every individual should be knowledgeable about the frameworks and the tools required to help their company and themselves achieve breakthrough improvements.
Our mission is to provide the necessary framework and tools to enable any company to enhance the quality of their products, services and ultimately to increase the satisfaction of their clients. To help companies, managers, and recent graduates we have taken action to provide free resources and courses on the fundamental principles of Lean Six Sigma. On our website you will also have the opportunity to set up dedicated calls with our professionals, to clarify any doubts and questions on the subject, providing you with all the additional information you need.