I recently attended a Manufacturing Summit where the theme was “Fuelling Your Business with Talent”, and the focus was on recruitment, engagement and retention.
At the summit, one VP of Human Resources reported that their company lost 63 people in 2017. They analyzed the cost of replacing those staff members – it was an incredible $2.6 million! That’s when they decided to get creative about their hiring practices and engagement, in order to improve retention.
It’s a growing challenge for most organizations. At WATMEC, we’ve gathered ideas and options that are successful for our clients across a number of sectors, combined them into practical strategies, and now offer them in a concentrated one-day program.
Do you know your company’s turnover rate? The average reported by Canadian organizations is 16%. If your turnover rate is similar, do you know what that’s costing your organization?
Consider how having your senior team attend this one-day program might translate into resolution of a serious problem. Not only could this small investment save your organization from headaches, it could save significant dollars that will drop to the bottom line.
For more details, contact Dale Wilcox today: firstname.lastname@example.org.
Dale Wilcox is co-owner of WATMEC. Dale is a respected board member, former volunteer of the year, and inaugural Chair of the Canadian Society for Training and Development.