CAMPS FEBRUARY 2014ROUNDTABLE INTRODUCTION

Rick AmeroMadden Industrial Craftsmen

Building Employee Loyalty & Retention

• Rick Amero Madden Industrial Craftsmen Manufacturing Staffing and Retention Trends

• Andrea Heuston from Artitudes DesignUnderstanding Employee Engagement and Impact on Employee Retention

• Greg Herlin from Cashmere Moulding Success story in a Local Manufacturing Workplace

How We Picked This Topic

Feedback From Camps Members when Asked..“What Challenges Keep you up at Night?”• Workforce #1: Managing

Growth and Strategic Staffing Issues. (70% of all surveyed)

• Employee Retention and Keeping our Best Workers.

• Finding Enough Talented Workers to Meet Production Needs.

• Employee Succession Planning and Growth Opportunities.

Feedback From Camps Members“What Would You Change with Roundtables?”• CAMPS Roundtables: we need

Manufacturing Trends and How they Affect Local Businesses.

• Best Practices in Staffing and Employee Retention.

• Teach us things we can take back to our Business.

• Special Sessions for Manufacturing Members only.

In Summary

The New CAMPS Program Team(Michelle Bomberger)

• FROM THE FEEDBACK DETERMINED THAT A SESSION TO UNDERSTAND SOME KEY TRENDS IN THE WORKFORCE AND;

• SOME STRATEGIES TO HELP KEEP YOUR KEY EMPLOYEES WOULD BE GOOD FIRST STEP.

Did you Know?• Manufacturing supports an

estimated 17.4 million jobs in the United States.

• Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing.

• Taken alone, manufacturing in the United States would be the 10th largest economy in the world.

• Manufacturing in the United States produces $1.8 trillion of value each year, or 12.2 percent of U.S. GDP.

WORKFORCE TRENDS MANUFACTURING

• Over Next Decade by 2023 Commercial Aircraft Production Levels up by 25%

• In 2014 Double Digit Growth Expected in this Segment!

• Expected 2 million job openings in MFG. from 2008 to 2018

• Indeed.com: Manufacturing Job Postings have Increased 20% since January 2013 to Over 130,000 jobs posted today.And: Clicks on MFG. Jobs have Increased 15% Since Jan 2013 (People are Exploring Options)

Neilson Company Survey 2011

• 100 Senior Executives in Manufacturing • 55% of Largest ($1 Billion + Revenues) will be

Hardest Hit by Skills Shortage- Costing Each $100 Million or more 2012 to 2016

• 45% of Companies are Encouraging Older Workers to Stay Past Age 65

• 50% of Executives Said They Have 11 or More Open Positions for Skilled Workers.

31% Having over 20 openings

(Real Demographic Shift In The Workforce)•Nearly One Quarter of All U.S. Manufacturing

Workers are 55 Years or Older.•The Oldest Baby Boomers Turned 65 on January

1st 2011. •Everyday until January 1st 2023 10,000

more will turn 65 years old!

WORKFORCE BY GENERATION1. Greatest and Silent Generation (1901-1942)

4% of Workforce in 20081% of Workforce in 2018

2. Baby Boomers (1943-1960)37% of Workforce in 200823% of Workforce in 2018

3. Generation X (1961-1981)45% of Workforce in 200841% of Workforce in 2018

4. Millennials (Gen Y/Echo Boomers) (1982-2003)14% of Workforce in 200835% of Workforce in 2018

5. Future: Homeland Generation (2004-2025)

WORKFORCE BY GENERATION

Baby Boomers (1943-1960)Change Of CommandBuild A Stellar CareerMoney, Title, Corner OfficeGeneration X (1961-1981)Self-CommandBuild a Portable CareerFreedom is the Ultimate RewardMillennials (Gen Y/Echo Boomers) (1982-2003)Don’t Command CollaborateBuild a Parallel CareerWork that has meaning for me.

Top 7 Reasons Your Talent Will Take Flight! 1. Job or Workplace was not as Expected2. Mismatch between the Person and the Job3. Not enough feedback or Coaching4. Too Few Growth Opportunities5. Feel Devalued and Unrecognized6. Stress from Overwork/Work-life Imbalance7. Loss of Trust and Confidence in Leadership

Goal: Help To Develop Workforce Solutions for CAMPS Members• Workforce Solutions Not Always about hiring

the Best Talent – However that is always a Great First Step!

• One of the Best Staffing Strategies….– To have a great Employee Retention Plan

• A Great tactic for the Plan….– Getting your Employees Engaged in your

Company!!

ANDREA HEUSTON, ARTITUDES DESIGN

Winner of the 2011 Puget Sound Business Journals

“Best Places to Work” Gold Award