Strengths, Weaknesses, Opportunities, Threats (SWOT) for Employee Retention and Recruitment
What is your brand? Why should people want to work for your company? How can your brand improve? A SWOT analysis can help answer these questions — your employee retention and recruitment may count on it. Your company’s brand can affect employee retention and recruitment. The brand may be by design or default and creating a Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis can give you insight as to what your brand actually is, ways improve your brand and ways to use your brand to retain and recruit employees.
Create a SWOT Analysis
Create four columns on a piece of paper or download the template at PMPA.org/SWOT. Consider the statements below and list the appropriate ones in the proper column. Feel free to add any statements. It’s important to be honest when considering the statements or this effort is futile.
Industry Sales Index Remains Unseasonably High- We Are Meeting Demand!
“PMPA’s Latest Business Trends Report for October reflects both a current and ongoing positive reality for our precision machining shops, and the Industrial Production Market we serve. Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry going forward. They are remarkably high going into this first month of this final Fourth Quarter.”
Despite expected seasonal slowdowns, PMPA’s October Business Trends Report posted its third highest value ever at 149. Sentiment indicators remained level or softened slightly, but maintained high positive values for the next three months. While hours of work scheduled reduced slightly, 63 percent of responding shops scheduled overtime in October.
Miles Free & Carli Kistler-Miller discuss the Why and the What that our customers are actually buying from our precision machining shops as well as some value adds to help you satisfy your customers going forward.
Real-time Automated Production Intelligence with No Operator Input
Tuesday, December 14, 2021 | 11AM
Automated production intelligence from Datanomix is the evolution of production monitoring, offering deeper insights without the need for any operator input. By simply connecting to your CNC machines, Datanomix collects and analyzes the data in real-time, and uses machine learning to provide information on machine utilization, cycle times, parts per hour, and machine alarms in dashboards your operators use to understand what’s happening on their machines right now. And, over time, Datanomix unveils insights into total factory performance, allowing management to make better decisions around job costing, hiring, and capital expenditures.
Over 6 years of manufacturing industry experience including 5 years of Metrology expertise. Prior to Datanomix, worked as a 3D Applications Engineer, Product Manager, and Sales Manager for a US based distributor as well as a Swiss manufacturer of Quality Inspection equipment.
Congratulations to the following PMPA Technical Members who were recognized at the 88th Annual Awards Banquet with the Technical Member Participation Award.
Through their active participation, PMPA’s Technical Members contribute greatly toward keeping the Association thriving and progressive. Our thanks and congratulations for their service and participation in PMPA activities during the 2020-2021 year.
Attendance at the Annual Meeting not only allows our members to come together to learn how management techniques, succession planning and current economic climate can benefit their organization, it is also about the networking and the opportunity to meet new members who share the same challenges as you.
The Annual Awards Banquet that culminates the Annual Meeting weekend is also a time to recognize and acknowledge those stand-out members who have gone above and beyond the duties of being a PMPA member.
Attendees were treated to three Gold Micrometer and one Merit Award presentation in Charleston.
Gold Micrometer requirements state that the recipient is someone who has actively served the Association and has been in the Precision Machined Parts Industry 40 years.
Congratulations Gold Micrometer Award Recipients
Rick Paulson, Micro-Matics, Inc.
Dan Hankla, Alger Precision Machining LLC
Jeff Ohlemacher, EMC Precision
Merit Award Recipient
W. Richard Hoster, President of Smith and Richardson Inc., Geneva, IL, was honored with PMPA’s most coveted award, the Frank T. McGinnis Award.
Rich has served on the Board (twice), was PMPA President in 2012, has just completed his term on the Finance and Executive Committees, and will continue on as PMPA Treasurer. Thank you for your dedicated service, Rich!
The Frank T. McGinnis Award is the association’s highest award and is conferred only upon recommendation of the Executive Committee. It recognizes the recipient’s contributions and continued service for the benefit of the association and the industry above and beyond the duties of any appointed or elected association office.
Membership Milestone Anniversaries
The following member companies were recognized for their milestone membership anniversaries. Congratulations!
The ITR Economics Report for November 2021 just arrived and six of seven indicators are looking like the top according to their forecasting models. Our latest PMPA Business Trends Report similarly hit an new record of 157 (in 2010, after recovering from the Great Recession, our index was 100).
Slowing growth is on the horizon- and just in time as our shops- and the US economy- simply cannot maintain the current rate of growth. Supply chain issues, as well as labor and other demographics are moderating factors. And factors that will not quickly be resolved. Consumer demand remains strong, so many segments will avoid out right contraction.
There is much you can do to position your shop for success in a slowing growth market environment.
In our shops, building culture, investing in training across all performers, and mastering the current supply chain might be the top three priorities to position for success in the calendar quarters ahead. Why wouldn’t we want our shops to be the preferred place to work, and supplier of precision machined parts- in our zip code?
The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment.
Miles Free takes Joe Jackson from behind the audio mixer and in front of the mic to talk about Joe’s Market Insight column in Production Machining magazine. They discuss the different data and processes that go into creating this valuable deliverable.