No matter the current economic situation, retaining your employees plays a critical role in your company’s success. This is especially the case in the highly competitive manufacturing world. Your business can’t afford to suffer a loss in productivity, let alone the sunk staffing and training costs. It’s a situation ultimately affecting your bottom line.
It thus becomes obvious your organization needs to focus on employee retention for continued success. With that in mind, here are a few tips to help your company achieve this important goal. Leverage these insights to employ a professionally satisfied workforce.
Provide a Robust Training Program
Helping your employees boost their professional skill set remains a great way to keep them engaged. This process starts when onboarding a new hire; exposing them to your company’s culture of professional development. A meaningful training program also helps your staff keep their skills up to date as technology advances.
Offering tuition reimbursement as a benefit provides a means for workers to advance their education if desired. Having any employee receiving this benefit agree to stay on for a period of time afterward also improves retention.
Competitive Pay and Benefits are a Must
Any manufacturing company needs to pay employees well to improve their retention rate. At a minimum, match salaries to the average for the region where your facilities are located. Additionally, offering good raises each year helps keep your team from looking for other opportunities.
Benefits also matter. These include insurance coverage, flexible scheduling when possible, and a 401k program. Organizations with a generous benefits package enjoy an advantage of their competitors when it comes to employee morale.
A Proactive and Positive Managerial Team
Proactive management helps foster a company culture that values employees. Managers need to be visible, good listeners, and generous with their time. This approach helps prevent dissension and keeps worker morale at its highest.
Open Communication is Essential
An open communication policy is another must-do for any manufacturing company that values employees. Hold regular meetings to keep everyone informed on company news and its plans for the future. Also, encourage your staff to offer their own insights on company operations and ideas to improve efficiency. This is a great way to discover potential managerial talent among your workers.
If you need help building a great team at your manufacturing organization, reach out to Synerfac. As one of the top technical staffing agencies on the East Coast, we provide talented professionals able to make a difference for you. Schedule a meeting with us as soon as possible.