4. Employee Engagement and Retention Employee engagement and retention are vital for reducing turnover Corporation integrates core values into its strategic roadmap, and maintaining productivity. Strategies to enhance engagement focusing on leadership and employee engagement. Employees are and retention include: more likely to stay when they feel connected to the company’s mission and values (The Manufacturing Institute) (The Manufacturing ● Career Development Opportunities: Providing clear Institute). These types of programs can reduce turnover by signiûcant pathways for career advancement and continuous learning. margins4up to 50% in some cases (Bright Horizons Global ● Flexible Work Arrangements: Offering üexible hours and Homepage). Another example is Mutual of Omaha, which uses remote work options to accommodate employees’ personal learning and growth plans to achieve a 94% favorability rating among needs. new hires and an 86% retention rate (The Manufacturing Institute). ● Recognition and Rewards: Implementing programs to These examples show that programs speciûcally aimed at employee recognize and reward employee contributions and engagement have a real impact on retaining talent 3 key to upskilling achievements. the workforce and gaining a competitive advantage today and in the Several manufacturing companies have improved retention through future. leadership training and recognition programs. For instance, Vermeer
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