The Real Cost of Attrition In The Industrial Sector

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As a business owner, have you ever really looked at the cost of attrition to your company? Really looked? Not just at the bump in salary in might cost you to hire a new person, but at the overall cost attrition is taking away from your bottom line?

Turnover statistics are staggering…

  • Over 50% of people recruited will leave within 2 years
  • 1 in 4 new employees will leave within 6 months
  • Over 50% of organizations experience regular turnover
  • Nearly 70% of organizations report difficulty in replacing staff

This overwhelming attrition has a negative financial impact due to the cost of recruiting, hiring, training a replacement employee and the overtime work of the current employees that is required until the vacant position is filled.

Estimates place attrition costs at an unbelievable 125% of salary.

How does this translate in the Industrial Sector?

You may be thinking to yourself that you are willing to pay 125% of salary in order to manage your attrition issues, but what happens in the industrial sector when most jobs are temporary or short term and attrition can stop your job in its tracks?

Industrial contracts often include positions as part of the safety team, positions that are OSHA mandated.

For example, as part of your welding team, you are OSHA required to have a fire watch to ensure no smoldering fires result from cutting or welding. You are required to have workers on hole watch to ensure the safety of the person in the confined space.

These are positions that other workers cannot perform without the proper training. So, what happens when one of them leave? You can’t afford to halt your entire job until you have recruited, trained and on-boarded a new hole watch.

Safety postions are ultimately NOT the jobs for which you want to speed folks through training.

What you need is a supply chain with extra, fully-trained safety professionals that you can just call up when you need a position filled. Safety professionals that you can feel confident in upon beginning the job.

 

Fulfilling the Supply Chain

Don’t waste your time recruiting, screening, hiring, and managing temporary employees. ResponsAble Safety Staffing has that reliable supply chain of safety professionals to help you achieve your safety compliance needs with ease and with minimum time, hassle and expense.

ResponsAble is more than just a staffing firm. They are one of the few agencies in the country who specialize in industrial safety staffing, and provide a level of thoroughness, personal attention, and training that no regular staffing agency or safety consultancy can provide.

They take care of all of the details, including:

  • Job Screening and Hiring
  • Training and Testing
  • Placement and Support
  • Payroll and HR
  • Risk and Liability

ResponsAble takes care of all the details – so you can just get the job done. Call ResponsAble today for a FREE quote. 225-753-1909.

 

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