Choosing Work Perks

Workforce is tight and there are a lot of ideas to retain your skilled workers. How do you choose?

by Carli Kistler-Miller

Director of Programs & Marketing, PMPA

Published December 1, 2022

The manufacturing workforce is a challenge. That is not news. That fact is decades old and, with our current economic environment and unemployment at a record low, it is probably not likely to change anytime soon. If you search online, you will find article upon article with ideas of how to retain a skilled workforce (yes, I write articles on it, too) and all the perks which can be offered. But with all those ideas, how do you choose the ideas that are best for you?

 

A Slew of Ideas

Here is a list of ideas (in no particular order) I have accumulated through discussions with PMPA members and articles I have read:

• Free snacks/free coffee
• Flexible schedules
• PTO awarded for good attendance
• Mini golf course on the roof
• Monthly fun days (lunches with activities)
• Bonuses
• Salary incentives
• Employee of the Month with parking spot
• Indoor golf simulator
• Decked out breakroom with video games
• Sponsor fantasy football league

 

How to Choose?
It is obvious you can’t do everything on that list (if you build the mini golf course, please send me an invite.) And just because you can do something doesn’t mean you should do something. Find a good fit. You know your employees. If you don’t know them well enough, then talk to them. What motivates them? What would they consider a perk? Remember, the people you currently employ are also the type of people you are looking to recruit and incentives play a large part in recruitment.

You don’t have to go big — I’m always amazed at what people will do for a free T-shirt or food — but find a great fit. Do you have people with school-age children? They may appreciate the flexible schedule over a breakroom with video games. Many of the incentives also promote team building (fun days and fantasy football league.) In addition to considering what would motivate your employees, you need to take into account the budget, available space and schedule. You need to find a balance and be flexible. It’s the old chicken and the egg dilemma. The company exists to make parts. You can’t make parts without employees. Studies show that happy workers are good workers (Oxford University’s Saïd Business School, 2019), so finding that balance is worth it. In short, determine your objective, nd a perk or perks that t into your culture, budget, schedule and space, then make it happen. The perk for the company? Happy, productive workers who stay.

 

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Author

Carli Kistler-Miller, MBA has over 25 years of experience with
communications, event/meeting planning, marketing, writing and
operations. Email: gro.apmp@rellimc — Website: pmpa.org.

MARKET INSIGHT – Industrial Machinery Manufacturing

NACIS 33324 | $36,516,939,000

by Joe Jackson

Marketing & Events Assistant, PMPA

Published December 1, 2022

The parts that our precision machining shops manufacture for the industrial machinery manufacturing industry provide essential functionality to the machinery producing our food, printing, textiles, furniture, paper and semiconductors.

 

Top 5 Companies

  1. Black & Decker, MD
  2. Nalco Company LLC., IL
  3. SPX Flow Inc., NC
  4. John B 4 ean Technologies Corp., IL
  5. Dover, IL

 

  • The industrial machinery manufacturing industry sales are 80% higher than the Precision Turned Products manufacturing industry.
  • This industry is geographically concentrated, 3 of the top 5 companies are headquartered in Illinois.
  • The industrial machinery manufacturing industry spends $14.7 billion on Materials, Components, Supplies, Minerals and Machinery.
  • The industrial machinery manufacturing industry is one of the largest markets we serve. Of the 2,082 companies verified in the industrial machinery manufacturing NAICS Code, the top 5 companies make up 37% of sales in this industry.
  • If this industry’s spend is 6% of precision turned products output (which was the case in 2012), that would equate to around $2.2 billion in sales opportunity in NAICS 33324 for our precision machining shops.

 

Source: U.S. Census, NAICS.com, Statista.com, PMPA Market Report

 

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Author

Joe Jackson

Marketing & Events Assistant, PMPA

Email: gro.apmp@noskcajj — Website: pmpa.org.

PMPA Speaking of Precision Podcasts:
Leadership

The list below of podcast resources for business/continuous improvement/workforce podcasts

Published December 1, 2022

  • What NFL Teams, Gangs and Your Workforce Have in Common
  • What’s in a Name? Pride
  • SWOT for Employee Retention and Recruitment
  • What Can I Do Today That Will Make the Most Money for My Company?
  • What We’re Seeing in Our Production Machining Shops Right Now
  • Good Traits of Leads and Supervisors in Manufacturing
  • How Highest and Best Use Can Improve Your Shop
  • What is the PMPA Mastery Program?
  • How Emotional Intelligence Can Help Sustain Your Workforce
  • V.U.C.A.
  • Committing to Sustain Our Businesses
  • How to Fix Manufacturing
  • 4 Keys to Sustainability
  • 12 Working From Home Leadership Tips

Interviews:

  • Tanya DiSalvo, President of Criterion Tool
  • Ernie Doering, COO & Robin Rutschilling, Mfg Operations Manager of Clippard Instrument Laboratory Inc.
  • Eric Frack, CEO of Enoch Precision Machining
  • Ron Herrera, Mfg/Quality Engineering of Erie Speciality
  • Charlie Kerr, CEO of Kerr Lakeside
  • Greg Knight, VP Sales, Production Machining of Absolute Machine Tools
  • Jeff Ohlemacher, CEO of EMC Precision
  • Cate Smith, Executive Director of PMPA
  • Scott Wiltsie, VP/Director of HR of Vanamatic Company

Access to All PMPA Podcasts

Access to PMPA Knowledge Centers

 

 

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PMPA Speaking of Suppliers Podcasts:
Family Business, Machines and Media All-in-One

A longer form podcast as Miles Free goes deep and explores “all things Graff – Pinkert” with Lloyd And Noah Graff.

Published November 30, 2022

 

Timestamps: 

1:00 – Advantages of having a family business/working with family 

7:00 – The team at Graff – Pinkert

11:00 – The history of Graff – Pinkert

20:00 – Keys to seeing hidden value in used equipment

28:00 – Having a unique look at who is coming into the machining business

34:00 – Graff – Pinkert’s content production 

39:00 – Machining shops going up for sale

43:00 – Thoughts on the future economic impact and workforce for machining businesses

53:00 – Final thoughts 

PMPA Speaking of Precision Podcast:
Regulatory Heartburn

Miles Free and Carli Kistler-Miller discuss the latest regulatory information that came across Miles’ desk this week and How PMPA helps members deal with surprise regulatory requests.

Published November 21, 2022

 

 

PMPA / ITR Economics Forecast Report November 2022

 

 

While our shops continue to sell at elevated levels and schedule overtime to remain competitive on deliveries, the world is changing. Supply bottlenecks are easing, some input prices are declining, and the rate of Inflation seems to be declining as well. The markets that our shops serve are not yet in recession, but the rate of change of the rate of change is signaling slowing growth in Industrial production, housing starts, heavy truck and automotive. Light vehicle and Small arms are contrary to the general trend.

 

It is easy to be hypnotized by the incessant news about inflation, the FED, war in Europe, increasing tensions with China- there is much to fuel our worries. But as business people the data  presented here  remain a call to commonsense- make smart investments and maintain adequate cash, be disciplined on your receivables- so if something bubbles up in the constantly changing flow of bad news- it will not derail your plans.

 

View/Download

 

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.