Transcript Building Employee Loyalty & Retention

CAMPS
FEBRUARY 2014
ROUNDTABLE INTRODUCTION
Rick Amero
Madden Industrial Craftsmen
Building Employee Loyalty & Retention
• Rick Amero Madden Industrial Craftsmen
Manufacturing Staffing and Retention Trends
• Andrea Heuston from Artitudes Design
Understanding Employee Engagement and Impact on
Employee Retention
• Greg Herlin from Cashmere Moulding
Success story in a Local Manufacturing Workplace
How We Picked This Topic
1
• Feedback from CAMPS
Manufacturer Members
Feedback From Camps Members when Asked..
“What Challenges Keep you up at Night?”
• Workforce #1: Managing
Growth and Strategic Staffing
Issues. (70% of all surveyed)
• Employee Retention and
Keeping our Best Workers.
• Finding Enough Talented
Workers to Meet Production
Needs.
• Employee Succession Planning
and Growth Opportunities.
Feedback From Camps Members
“What Would You Change with Roundtables?”
• CAMPS Roundtables: we need
Manufacturing Trends and How
they Affect Local Businesses.
• Best Practices in Staffing and
Employee Retention.
• Teach us things we can take
back to our Business.
• Special Sessions for
Manufacturing Members only.
In Summary
2
• Provide More Value in
Content at Roundtables.
• Help us With Workforce
Issues
• Provide us with
meaningful Information
to take back to
Businesses.
The New CAMPS Program Team
(Michelle Bomberger)
• FROM THE FEEDBACK DETERMINED THAT A
SESSION TO UNDERSTAND SOME KEY TRENDS
IN THE WORKFORCE AND;
• SOME STRATEGIES TO HELP KEEP YOUR KEY
EMPLOYEES WOULD BE GOOD FIRST STEP.
Did you Know?
• Manufacturing supports an
estimated 17.4 million jobs
in the United States.
• Nearly 12 million Americans
(or 9 percent of the
workforce) are employed
directly in manufacturing.
• Taken alone, manufacturing
in the United States would
be the 10th largest
economy in the world.
• Manufacturing in the
United States produces $1.8
trillion of value each year, or
12.2 percent of U.S. GDP.
WORKFORCE TRENDS MANUFACTURING
• Over Next Decade by 2023 Commercial Aircraft
Production Levels up by 25%
• In 2014 Double Digit Growth Expected in this
Segment!
• Expected 2 million job openings in MFG. from
2008 to 2018
• Indeed.com: Manufacturing Job Postings have
Increased 20% since January 2013 to Over
130,000 jobs posted today.
And: Clicks on MFG. Jobs have Increased 15%
Since Jan 2013
(People are Exploring Options)
Neilson Company Survey 2011
• 100 Senior Executives in Manufacturing
• 55% of Largest ($1 Billion + Revenues) will be
Hardest Hit by Skills Shortage- Costing Each
$100 Million or more 2012 to 2016
• 45% of Companies are Encouraging Older Workers
to Stay Past Age 65
• 50% of Executives Said They Have 11 or More Open
Positions for Skilled Workers.
31% Having over 20 openings
(Real Demographic Shift In The Workforce)
•Nearly One Quarter of All U.S. Manufacturing
Workers are 55 Years or Older.
•The Oldest Baby Boomers Turned 65 on January
1st 2011.
•Everyday until January 1st 2023 10,000
more will turn 65 years old!
WORKFORCE BY GENERATION
1. Greatest and Silent Generation
4% of Workforce in 2008
1% of Workforce in 2018
2. Baby Boomers
37% of Workforce in 2008
23% of Workforce in 2018
3. Generation X
45% of Workforce in 2008
41% of Workforce in 2018
4. Millennials (Gen Y/Echo Boomers)
14% of Workforce in 2008
35% of Workforce in 2018
5. Future: Homeland Generation
(1901-1942)
(1943-1960)
(1961-1981)
(1982-2003)
(2004-2025)
WORKFORCE BY GENERATION
Baby Boomers
Change Of Command
Build A Stellar Career
Money, Title, Corner Office
Generation X
Self-Command
Build a Portable Career
Freedom is the Ultimate Reward
Millennials (Gen Y/Echo Boomers)
Don’t Command Collaborate
Build a Parallel Career
Work that has meaning for me.
(1943-1960)
(1961-1981)
(1982-2003)
Top 7 Reasons Your Talent Will Take Flight!
1. Job or Workplace was not as Expected
2. Mismatch between the Person and the Job
3. Not enough feedback or Coaching
4. Too Few Growth Opportunities
5. Feel Devalued and Unrecognized
6. Stress from Overwork/Work-life Imbalance
7. Loss of Trust and Confidence in Leadership
Goal: Help To Develop Workforce
Solutions for CAMPS Members
• Workforce Solutions Not Always about hiring
the Best Talent
– However that is always a Great First Step!
• One of the Best Staffing Strategies….
– To have a great Employee Retention Plan
• A Great tactic for the Plan….
– Getting your Employees Engaged in your
Company!!
ANDREA HEUSTON,
ARTITUDES DESIGN
Winner of the 2011 Puget Sound
Business Journals
“Best Places to Work” Gold Award