According to a study done by the National Association of Manufacturers, skilled tradespeople leave their jobs at a rate of 2.5 times more than other employees.
Considering how incredibly expensive it can be for a company to have a high turnover rate, it’s more important than ever for companies that hire for skilled trades positions to figure out ways to be below the country-wide average.
When it comes to why skilled tradespeople are leaving their jobs, a couple of the main reasons are that they feel undervalued and unappreciated in their current positions and look for somewhere else “with greener pastures.”
And considering there are so many companies trying to fill their skilled trades positions, the bargaining power has definitely shifted in the favor of the workers, as it’s quite easy to quickly find another job in the industry.
Therefore, it’s important for companies within industries such as manufacturing to take actions now that will help retain these employees and keep them from leaving your company.
How To Lower Turnover With Skilled Trades Workers
In order to keep skilled tradespeople from leaving their jobs, it’s important for companies to take actions that show they are appreciated. One way to do this is by offering good benefits and compensation, but that has become pretty common for most companies throughout the country.
Additionally, good benefits and good pay aren’t very likely to help your organization retain the top talent within your workforce. What is going to help, though, is following the “Golden Rule,” and that’s treating your employees with the respect that they deserve.
When it comes to treating employees with respect, there are a few key things that manufacturing companies can do in order to set themselves apart from the rest.
One of the most important things is to talk to and listen to your employees and actually take their feedback into consideration. Too often, companies will brush off any complaints or suggestions their workers might have, but when you show that you’re actually willing to hear them out, it makes employees feel appreciated and like they’re part of the team.
Additionally, manufacturing companies can show their employees respect by giving them the proper training they need in order to do their jobs effectively. This not only ensures that your workers know what they’re doing, but it also shows that you trust them and value their skills. Not to mention, proper training (and additional education/training) shows you are willing to invest in them for the future.
Last but not least, manufacturing companies should always try to create a positive working environment where employees feel comfortable being themselves. In the past, this industry has earned a reputation as being one of the tougher ones to work in. When employees feel appreciated and comfortable at work, they’re much less likely to leave their job in search of something better.
In order to keep skilled tradespeople from leaving their jobs, it’s important for companies to take actions that show they are appreciated. Offering good benefits and compensation is a great start, but following the “Golden Rule” and treating employees with respect will help set your company apart from the rest. Additionally, proper training and creating a positive working environment will help retain your workforce.
Are you doing everything possible to show your skilled trades employees how much you appreciate them?