October 17, 2013
According to a recent survey by Monster.com, nearly half of the employees who responded say they are unhappy in their current jobs and 81% plan to look for a new job this year. That’s a frightening statistic for employers who are likely unaware that they have disgruntled employees.
Losing good employees may mean lost production time, disruption of customer deliveries and the loss of experience and knowledge about your machining processes. Then there’s the cost of hiring and training a new employee. Just like customers, it’s much less expensive in the long term to retain a good employee than to find a replacement.
So could your manufacturing company be in danger of losing employees? One way to assess the situation is to take an objective look at your organization and consider these 4 key reasons employees begin looking for a new job. If you find one or more of these issues exist, you should take steps to improve the situation.
In addition to fair compensation, the common denominator in all of this is respect for the employees, getting to know them well, understanding and reacting to their needs, and constantly communicating in a positive way. Yes, it’s an investment, but probably the best one an employer can make.