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Component Manufacturing dverti$ dverti $ er
Don’t Forget! You Saw it in the
June 2022 #14275 Page #29
Adverti$$er
Three Simple Truths for Attracting and Retaining Talented Employees s your company having problems finding good employees to fill all the needed positions within your company? Are you thinking wage inflation is getting out of hand? Perhaps you should look at it from a different perspective. Multiple case studies have shown that companies with low employee turnover consistently earn the highest ROI and net profits. Companies with low turnover have minimal problems hiring and recruiting new talented employees. What is their secret, you ask? Three simple truths.
Todd Drummond
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Truth Number 1 – Recognition for one’s efforts is a big deal. Great leaders know people inherently need to be recognized for their efforts. “A soldier will willingly give his life for a simple strip of yellow ribbon, but not for all the gold in France.” – Napoleon Bonaparte People crave a little bit of acknowledgment from upper management to be given an “atta-boy” for their efforts. And the simple truth is most companies do a terrible job of showing appreciation for the hard work being done by the employees. Truth Number 2 – Using the wrong benchmarks for performance measurement causes employee dissatisfaction and, equally importantly, decreases net profits.
Source: https://www.rubescartoons.com/
In several companies that TDC has assisted in the past, I have found the design group using the wrong units to measure productivity. For instance, what do you think might be the result of the designers being measured using board foot (BF) for productivity? Well, I witnessed a scissored bottom chord filler using a 2x8. That’s right, the bottom chord of the non-structural filler was a 2x8. Do you think designers are inclined to remove unnecessary webs when being measured by BF? The same problem can be found for the design groups using piece count as a benchmark. Let’s give a shoutout to the designers who are getting a bonus by costing the company more money.
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