The True Cost of Turnover

Posted by Glenn Edwards on Jun 17, 2022 8:00:00 AM

If we have a lost cost in our business of $100,000, $500,000 or $1,000,000 would you know about it? Should you know about it? Would you take action to reduce the lost cost?

What is the actual cost of turnover for your business?
Unfortunately, well over 90% of companies do not capture this true cost or know how to calculate it specifically for their company. To get a total annual cost, one must look at the cost per person multiplied by the number of employees lost in a year.

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BUILD YOUR TEAM: Career Pathways in Manufacturing

Posted by Trista Bonds on May 2, 2022 9:52:54 AM

IMEC believes building quality, customizable training programs, and defining career pathways are the solutions to manufacturing workforce challenges of shortages of skilled workers, retiring workforce, and meeting the needs of innovative technologies that the current skills don’t quite match. The new Career Pathways in Manufacturing program aids companies in recruiting, succession planning, and developing the workforce of the future with skills training in high-demand technical areas.

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Build Bench Strength: Developing Your Talent Succession Plan

Posted by Stacey Curry on Feb 9, 2022 2:07:39 PM

Recruiting and hiring new employees is costly and time-consuming. It has been noted, an average organization loses anywhere between 1% and 2.5% of revenue on the time it takes to onboard and orientate a new hire to their position. And manufacturing organizations are experiencing a steady decline in hiring.

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The Six Words That Will Massively Improve Your Employee Recruitment in 2022

Posted by IMEC on Feb 2, 2022 5:12:00 PM

This is an original article from the NIST Manufacturing Innovation Blog.

Up and down busy streets nationwide, the same six-word banners stand outside in front of hundreds of businesses. Affixed to poles on front lawns or hanging above entrance doors, these inescapable banners, while the numbers may vary, almost always have the same wording:

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BE THE CHANGE Part 2: Navigating your Corporate Environmental, Social, Governance (ESG) Journey

Posted by IMEC on Nov 1, 2021 1:16:12 PM

Part 1 to this blog discussed the importance of incorporating ESG into your business strategy for stakeholders including customers, employees, and investors. In this follow up, you will learn how and why ESG evolved from its Corporate Social Responsibility (CSR) origins, transcending the latter’s internal perspective with an outward-facing regimen of objective, measurable, stipulated standards to validate and verify reductions in impacts such as carbon footprint/output.

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Tap into the Potential of Mid-Career Job Candidates

Posted by IMEC on Oct 27, 2021 12:13:13 PM

Many manufacturers continue to face challenges in their quest to recruit employees. If you are struggling with acquiring talent, consider doing more to attract mid-career workers – individuals in their thirties, forties and fifties who seek new employment opportunities. Armed with experience and skills acquired during years of working, they can be hired to fill critical roles and help propel your company forward.

Here are some helpful tips:

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9 Tips for Attracting College Talent

Posted by IMEC on Oct 18, 2021 3:34:10 PM

Local and regional colleges are terrific places for recruiting entry-level talent. Here are nine tips for getting the most out of your college recruitment program.

1. Work on Recruitment All Year
College students begin looking for internships and jobs long before they graduate. Therefore, it’s important to form strong relationships year-round through a variety of tactics.

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9 Ways to Build Up Your High-School Talent Pipeline

Posted by IMEC on Oct 15, 2021 8:00:00 AM



Are you struggling to find an adequate amount of young job applicants? One smart, pivotal move you can make right now is to ramp up recruitment of high-school students. By focusing on current students as well as recent graduates, you can ensure you have a strong pipeline of workers to sustain your manufacturing business.
Here are nine ideas to help you get started:

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Corporate Social Responsibility – Why Nike and Others Are Re-Using, Recycling and Refurbishing Products for Sale

Posted by IMEC on Aug 16, 2021 2:31:59 PM

Written by Travis Epp and Lise Stewart of EisnerAmper.

Corporate social responsibility (“CSR”) and its flipside—environmental, social and governance (“ESG”) practices—stand to be some of the most defining criteria for businesses since the introduction of quality standards. Any business seeking investors, wishing to sell, wanting to attract young and talented team members, or looking to improve its standing in the eyes of customers will need to pay close attention to the array of practices that make up this way of doing business. 

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