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Component Manufacturing dverti$ dverti $ er
Don’t Forget! You Saw it in the
Adverti$$er
February 2022 #14271 Page #35
A Stable and Proficient Workforce is Key to Best-in-Class Profits ast month’s article, “Record-Breaking EBITA Exceeded MidTwenties for Many Component Manufacturing for 2021,” mentioned a key factor of making best-in-class profits: the highest performers have very low employee turnover and vacancies. Creating a stable and proficient workforce is essential to best-in-class profits. Here are some, but certainly not all, key aspects to keep in mind.
Todd Drummond
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Employees want to be a part of a meaningful communication process: The image shows one of my training slides which discusses the most overlooked aspects of employee motivation and engagement. The chart, created by 1000Ventures.com, is a typical representation that any HR manager would agree with when surveying a large group of employees. What is significant is the order of importance from the employees’ perspective, shown in red, versus what the manager thinks employees consider most important, shown in blue. There is a severe disconnect in how most managers understand the communication process. The number one issue most managers fail to do is properly communicate with employees in meaningful conversations. Meaningful conversation directly connects with positive employee engagement and job satisfaction. A word of advice on a good starting point is a daily walk around to all departments will help show you care about their needs and what they have to say. They need you to Listen. Too many employees feel like they are being treated like mushrooms (kept in the dark and fed horse manure). The larger the company, the more difficult this vital employee engagement is to implement, but it remains critical for a high-performing company.
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