Cost of a Bad Hire – Tips to Avoid
The Business Journal cited a Society of Human Resources Management (SHRM) study that found a cost of a bad hire can cost up to five times the bad hire’s annual salary. Costs can include: Recruitment and hiring costs Human Resources time Hiring Management/Team time Orientation and training costs Learning curve productivity loss Work group/team productivity loss Add to that the cost of going through the hiring process again, and organizations – big and small – can quickly see the value of a solid, proven hiring process. MPS Technical provided tips on creating good hiring processes in a March blog post.…
Tips for Reducing Employee Turnover
Not only does employee turnover hurt your operation and productivity, but it can also impact employee morale on the line. High turnover impacts your bottom line due to possible lost orders, downtime and increased hiring and training costs. HR resource website TLNT compiled tips to reduce employee turnover from staffing industry experts. Invest in your workforce. Industry experts advise that this should not be just about compensation, but also about growth opportunities, training and development and fostering the ability to “stretch” into new roles and responsibilities. Collect employee input. Do you regularly ask for your employees’ feedback? Do you have…
Creating a Great First Week for a New Hire
“For new hires, the first day on the job can feel like they’re at the foot of a mountain about to take the first step up a ridiculously tall peak like Kilimanjaro or Everest,” writes Ryan Sanders on HR resource site TLNT. Isn’t that true! As managers we have experienced the nerves and anxiety of starting a new job at a new company. As we hire new employees into our operation, what steps can we take to make that first week as a ‘new hire’ easier: A tour. A tour should not just include the location of the bathrooms, lockers…
Retention Tips for Managers
Forbes Magazine recently published “6 Reasons Your Best Employees Quit You” by Louis Efron. In his article he shares tips to help managers retain top talent. With our own local market tight for skilled employees, retaining the employees we have, especially the good ones, is very important. So what should managers know? Have and share a vision. Managers should not confuse financial goals with a long-term vision. Connect the employee’s work with the big picture. The Forbes article sites a Gallup employee engagement survey question, “The mission or purpose of my company makes me feel my job is important.” Their…
Strengthen Your Employer Brand with a Compelling Origin Story
How did your company get started? Why? What problem was the owner or founders trying to solve or what need did they wanted to meet? Are there any unique or personal elements to the start up? These are all questions that can be answered via a company origin story. Mr. David Lee of recruiting news site Ere points to a compelling origin story as a key to strengthening your employer brand when recruiting. Mr Lee writes, “What is an Origin Story? It’s far more than a fact-filled documentary about how and when your organization got started. It’s not the workplace…
Tips to Get More from Your Floor Operation
Industry Week reports, “Last year [2013] saw a renaissance for much of the [manufacturing] industry. Production as measured by the Institute for Supply Management averaged well over 50 during most of 2013, signifying expansion.” As this trend continues into 2014, floor managers will be the first to feel the impacts of production growth. John Mills of Industry Week provided these great tips to get more from your floor operation: Revisit: review your 2013 performance metrics, what went well, what didn’t. Where do you see opportunity and where do you see challenges to overcome? Then write it down and determine action…