With manufacturing on the uptick, it is important for our business to be conscientious about improving our productivity and efficiency. The influx of competition deposits added burden not only on the corporate bottom line, but on our dedicated team as well. One key arena that will benefit our staff and encourage additional employee growth is the ideology of continuous training. There is a false narrative amongst business owners that changing processes will have a greater effect on the business than additional employee training. This fallacy has been proven inaccurate time and time again. While investment in procedures is significant, investment in each individual staff member is paramount for the long-term health of the organization and the overall satisfaction of our employees.
Price Manufacturing takes pride in our continual use of educational initiatives for our personnel. Training encompasses items as small as workplace cleanliness to the more rigid continual training that includes machining and quality. These facets are all used to instill increased production and satisfaction amongst our workforce. “When employees are trained, they are more satisfied. This leads to decreased turnover. At the beginning of 2013, Forbes Magazine estimated that the average length of time that an employee remains with a company is less than five years. In addition, it is widely projected that replacing an $8 per hour employee can cost a company upwards of $3500.” Employee satisfaction is a key endeavor pursued by Price Manufacturing and retention strategies will always be held as a mandatory requirement. Whether we are looking to increase productivity, improve employee satisfaction, strengthen morale, boost communication, or simply enhance the bottom line, ongoing employee training is always a path that is pursued to the fullest extent at Price Manufacturing.