Improving Employee Retention to Meet Demands of Today’s Workforce

Manufacturers are facing high employee turnover rates amidst a tight labor market that has made it challenging to fill open positions. By focusing on employee retention efforts, however, manufacturers can ensure they are appealing to the concerns of today’s employees.

Here are four strategies to bolster retention efforts:

Rethink Flexibility- Today’s workers are searching for better work-life balance, and many want to achieve it through remote work or flexible schedules. While remote or hybrid arrangements may not be feasible for manufacturing companies, adding creative scheduling options for your current employees can provide flexibility.

Consider these options: 

• Four-day, 10-hour work schedule with three days off
• Split schedule, allowing workers to begin their shift early, take an extended break midday, then return to work later into the evening

Evaluate Benefits & Compensation- Competitive benefits and pay continue to rank high as key factors employees consider when looking for new opportunities. Therefore, manufacturers should ensure that current workers are earning wages that are competitive within your market and the manufacturing industry to improve retention. A comprehensive benefits package that goes beyond traditional medical plans is essential, as well. Offering additional coverage such as dental, vision, short- and long-term disability, and retirement plans will elevate your benefits package, better meet the needs of a multigenerational workforce, and entice workers to stay.

Improved Onboarding- When new hires join your team, it’s important to set them up for long-term success with an in-depth onboarding program that extends beyond the first week and spans 30 to 60 days. Ideally, the program will make new hires feel welcome, connect them to your company culture, mission, and vision, and provide them the tools and training they need to excel in their new role.

Ongoing Development- For manufacturers, investing in your current workforce is critical for the future, as the industry is projected to face a skills gap within the next decade. Online training, certification journeys, and upskilling – training on advanced skills that also advances employees in their career path – will help engage workers and give them the opportunity to grow and learn within your company.