As the manufacturing industry continues to improve and rebound from the Great Recession, there are many positive things to look forward to in the future. Increased business allows companies to expand and grow, which opens the door to hire on new employees.
With that being said, now that there are additional opportunities out there, your current workers may be actively searching for new jobs and green pastures. One in four manufacturing employees surveyed last December were actively looking to leave their job in 2015, with nearly half of those people indicating that it was simply time for a change with their current work situation.
Although there is no way to eradicate turnover within your company, there are certain measures employers can implement that will help retain good, hard-working employees. In turn, a more stabilized manufacturing team allows for increased efficiency while eliminating the costly expense of bringing on (and training) new employees.
Tips to Help Retain Your Employees
- Keep them in the loop. Your best employees will be interested and invested in the future of the company. Be sure your future business plans are open and shared among the team. This will help excite workers about the growth and development of not just the company, but their own skill set as well.
- Allow opportunity for advancement. The main reason employees in entry level positions at manufacturing plants leave their job is because they don’t think that they have any opportunity for advancement within the company. Young people especially want to know that they are entering into something that will be rewarding and worthwhile as their careers progress. Make it clear from the beginning about what your employees should expect from you down the road.
- Always be recruiting. This may sound a little weird when it comes to retaining your employees, but hear us out here. Keeping a continually-updated database of potential employees will help you out in the long run. If something happens where a current employee must leave immediately, there will probably be a mad dash to fill that position. However, if you are always recruiting new talent and keeping their names in your back pocket for when that situation arises, you are much more likely to find someone who will be committed to the company.
Every time you lose a manufacturing employee (for whatever reason) it takes roughly one month to find their replacement. Additionally, the costs associated with that turnover can range anywhere from 5 to 10 percent of total wage costs. A small business cannot afford to continuously be losing and bringing on new employees, so be proactive and make sure you take measures to help retain your current employees now.
Interested in working at Production Paint? Contact us today to see all of the positions we currently have available!