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CAMPS February 2014 Roundtable Introduction

CAMPS February 2014 Roundtable Introduction. Rick Amero Madden Industrial Craftsmen. Building Employee Loyalty & Retention. Rick Amero Madden Industrial Craftsmen Manufacturing Staffing and Retention Trends Andrea Heuston from Artitudes Design

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CAMPS February 2014 Roundtable Introduction

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  1. CAMPS February 2014Roundtable Introduction Rick Amero Madden Industrial Craftsmen

  2. Building Employee Loyalty & Retention • Rick Amero Madden Industrial Craftsmen Manufacturing Staffing and Retention Trends • Andrea Heuston from Artitudes Design Understanding Employee Engagement and Impact on Employee Retention • Greg Herlin from Cashmere Moulding Success story in a Local Manufacturing Workplace

  3. How We Picked This Topic

  4. Feedback From Camps Members when Asked..“What Challenges Keep you up at Night?” • Workforce #1: Managing Growth and Strategic Staffing Issues. (70% of all surveyed) • Employee Retention and Keeping our Best Workers. • Finding Enough Talented Workers to Meet Production Needs. • Employee Succession Planning and Growth Opportunities.

  5. Feedback From Camps Members“What Would You Change with Roundtables?” • CAMPS Roundtables: we need Manufacturing Trends and How they Affect Local Businesses. • Best Practices in Staffing and Employee Retention. • Teach us things we can take back to our Business. • Special Sessions for Manufacturing Members only.

  6. In Summary

  7. The New CAMPS Program Team(Michelle Bomberger) • FROM THE FEEDBACK DETERMINED THAT A SESSION TO UNDERSTAND SOME KEY TRENDS IN THE WORKFORCE AND; • SOME STRATEGIES TO HELP KEEP YOUR KEY EMPLOYEES WOULD BE GOOD FIRST STEP.

  8. Did you Know? • Manufacturing supports an estimated 17.4 million jobs in the United States. • Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing. • Taken alone, manufacturing in the United States would be the 10th largest economy in the world. • Manufacturing in the United States produces $1.8 trillion of value each year, or 12.2 percent of U.S. GDP.

  9. WORKFORCE TRENDS MANUFACTURING • Over Next Decade by 2023 Commercial Aircraft Production Levels up by 25% • In 2014 Double Digit Growth Expected in this Segment! • Expected 2 million job openings in MFG. from 2008 to 2018 • Indeed.com: Manufacturing Job Postings have Increased 20% since January 2013 to Over 130,000 jobs posted today. And: Clicks on MFG. Jobs have Increased 15% Since Jan 2013 (People are Exploring Options)

  10. Neilson Company Survey 2011 • 100 Senior Executives in Manufacturing • 55% of Largest ($1 Billion + Revenues) will be Hardest Hit by Skills Shortage- Costing Each $100 Million or more 2012 to 2016 • 45% of Companies are Encouraging Older Workers to Stay Past Age 65 • 50% of Executives Said They Have 11 or More Open Positions for Skilled Workers. 31% Having over 20 openings

  11. (Real Demographic Shift In The Workforce) Nearly One Quarter of All U.S. Manufacturing Workers are 55 Years or Older. The Oldest Baby Boomers Turned 65 on January 1st 2011. Everyday until January 1st 2023 10,000 more will turn 65 years old!

  12. WORKFORCE BY GENERATION • Greatest and Silent Generation (1901-1942) 4% of Workforce in 2008 1% of Workforce in 2018 2. Baby Boomers (1943-1960) 37% of Workforce in 2008 23% of Workforce in 2018 3. Generation X (1961-1981) 45% of Workforce in 2008 41% of Workforce in 2018 4. Millennials (Gen Y/Echo Boomers) (1982-2003) 14% of Workforce in 2008 35% of Workforce in 2018 5. Future: Homeland Generation (2004-2025)

  13. WORKFORCE BY GENERATION Baby Boomers (1943-1960) Change Of Command Build A Stellar Career Money, Title, Corner Office Generation X (1961-1981) Self-Command Build a Portable Career Freedom is the Ultimate Reward Millennials (Gen Y/Echo Boomers) (1982-2003) Don’t Command Collaborate Build a Parallel Career Work that has meaning for me.

  14. Top 7 Reasons Your Talent Will Take Flight! 1. Job or Workplace was not as Expected 2. Mismatch between the Person and the Job 3. Not enough feedback or Coaching 4. Too Few Growth Opportunities 5. Feel Devalued and Unrecognized 6. Stress from Overwork/Work-life Imbalance 7. Loss of Trust and Confidence in Leadership

  15. Goal: Help To Develop Workforce Solutions for CAMPS Members • Workforce Solutions Not Always about hiring the Best Talent • However that is always a Great First Step! • One of the Best Staffing Strategies…. • To have a great Employee Retention Plan • A Great tactic for the Plan…. • Getting your Employees Engaged in your Company!!

  16. ANDREA HEUSTON, ARTITUDES DESIGN Winner of the 2011 Puget Sound Business Journals “Best Places to Work” Gold Award

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