What the Great Resignation Means for Manufacturing, 295

The “Great Resignation” as it’s been called, has created a wide variety of circumstances that have impacted the American workforce. 55% of workers making under $30K/year say they will be looking for a new job soon. Has this impacted manufacturing? If so, what can we do as manufacturing leaders to mitigate the impact? This episode focuses on what leaders can and should be doing to build the kind of loyalty that will sustain their companies and provide a culture and experience for team members that is “sticky,” keeping them around for years to come.  BAM! Segments [1:20] The Great Resignation: How it impacts manufacturing [6:22] Ripples across the country from this Great Resignation [12:50] Employment news: 55% making under $30K/year expect to look for a new job [16:20] If you lose people on your team, how can it affect your business? [18:45] Why do people leave your company? Why do they stay? [22:06] Hiring process: ways to win candidates and be smart in your process [26:32] How you can improve your retention rate [32:10] Tech company trends and how it might spread Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Visit our Sponsor Xometry Eden Business Concepts (gave Jason the inspiration for this episode) Bob Dylan song “Hurricane” BOOK: Reforming Marriage by Douglas Wilson 55% of people expect to find a new job soon Apple TV show: Ted Lasso Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

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Manufacturing is challenging, but if you are connected to a community of leaders, you can elevate your skills, solve your problems and grow your business! MakingChips was launched in 2014 to equip and inspire the metalworking nation. Hundreds of episodes and a million downloads later, it’s an industry-leading source of information, inspiration, and entertainment for manufacturing leaders of all types. It’s hosted by Nick Goellner, Mike Payne, and Paul Van Metre. They’re joined by a rotating panel of expert guests – including Titan Gilroy (TITANS of CNC), John Saunders (NYC CNC), Mark TerryBerry (Haas Automation), and many more. Join us as we tackle the topics that keep you up at night - leadership, operations, technology, growth, workforce development and culture.