Wisconsin continues to add private sector jobs, especially in sectors like manufacturing. Over the past year, Wisconsin added 38,500 private sector jobs and 21,300 manufacturing jobs. Therefore, ff you’ve just hired 10 new employees, chances are that three of them will quit within the next 90 days, according to a new survey from Jobvite, recruiting software providers (Fastcompany.com).
With a record low unemployment rate and more job openings than job seekers, operating effectively and efficiently has become even more challenging for organizations across all industries. Employee turnover can be inevitable but it is important to track and develop strategies to balance departures and new hires to reduce financial implications, improve culture and company growth.
Moraine Park Technical College Economic and Workforce Development division will be hosting a “Business Networking Forum” on Friday, October 26 from 8 – 10 am at the Fond du Lac campus to discuss “Operating Effectively in a High Turnover Environment.” This is a free event for businesses in the region to network, share best practices and learn new techniques. To register, please visit http://bit.ly/octbusinessforum or email firstname.lastname@example.org with any questions.
There will be a panel of industry representatives sharing their strategies, struggles and successes to include scheduling, active recruitment, compensation and culture shifts. Karen Letourneau, Senior Human Resource Manager at Generac Power Systems, will share insights on developing a peer buddy system as well as unique recruitment and retention strategies they have implemented to add over 100 employees within the past year. Mike Mallmann, SPHR, HR Team Leader at Schreiber Food, is dealing with 40-50% turnover rates for first year employees. He will address employee engagement, flexibility and alternative options, as well as his experience with unions. Nicole Geschke, from Green Lake County will share how introducing a new pay scale, performance plans/model software and trainings resulted in a 20% turnover reduction.
Visit http://bit.ly/octbusinessforum to register today.
For more information on Moraine Park, visit morainepark.edu.