Previous Page  12 / 32 Next Page
Information
Show Menu
Previous Page 12 / 32 Next Page
Page Background

12

M

ANY MANUFACTUR-

ING

companies

are

bringing their factories

back to U.S. soil, which is a

good thing as far as U.S. manufacturing

as a whole is concerned. However, the

fact is that although the U.S. is a manu-

facturing leader, it is also a high-labor

cost country, just like Germany and

Japan. The reality of a global economy

means long-term competitiveness de-

pends on having lean production and

excellent operations. The right prepara-

tion now will mean a greater ability to

take advantage of the very real opportu-

nities that are available now, while also

helping U.S. manufacturers achieve the

long-term competitive edge they need

to succeed.

Being in a high-labor-cost country means

the people at your manufacturing com-

pany have to be smarter, more nimble,

and more innovative than the competi-

tion. You have to cultivate excellence by

using an educated, sophisticated work-

force and the best leaders you can find.

Your approach should be an integrated

one that looks holistically at ways to

train, develop, and educate the people

you hire, using both internal and exter-

nal resources to help. Finally, you will

also have to adjust the ways you hire and

pay people so employees see your com-

pany as an excellent place to stay.

What are the specifics for creating and

maintaining a world-class manufactur-

ing company? Successful manufacturers

solve five key challenges in their efforts

to better implement lean manufactur-

ing and to improve their operations:

• Employee retention

• Balanced performance

• The time-to-market process

• Integrated tasks and jobs

• Bottlenecks

EMPLOYEE RETENTION

As of the second quarter of 2013 to the

first quarter of 2014, the five states with

the highest turnover rates for all types

of jobs were Alaska (58.7 percent),

Oklahoma (54.63 percent), Utah (54.19

percent), Wyoming (53.53 percent),

and Louisiana (53.14 percent). All five

of these states were hiring; they just

weren’t retaining employees. The fact

The Fine Art of Staying

Competitive

By SusanMorgan, The newsLink Group