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Three Reasons You Should Pay Your Manufacturing Employees More

 

It’s true, you do get what you pay for and that is especially true for reliable, qualified employees. Since the most recent recession ended, manufacturing companies have pinched pennies to ensure that they won't face another downturn. But how can you reconcile this with pay rates for new skilled employees?

There are good reasons you might want to consider paying more to a superstar candidate. So let's take a closer look at scenarios in which it might be time for a pay hike:

  1. If you're not competitive. Before you start your next negotiation, look at the typical hourly rates for other manufacturing jobs in your area. If other production companies are paying more, you’re going to struggle to get, and keep, the best employees. Salary.com and Indeed provide insight into what competitors are paying for similar jobs. If you find that the hourly rate you’re offering isn't in line with industry expectations, you may want to take some time to reevaluate.
  2. If their skills are irreplaceable. Although many manufacturing managers believe that everyone is replaceable, that isn’t always true. Some skills will be much harder to replace than others, and your production will suffer if people possessing key skills are constantly leaving. Every candidate is different, and they each bring different skills to the table. If you’re hiring for specialized skills, you may want to consider paying more for the most qualified candidate. Don’t risk losing out on a big project just because you didn't line up the best people for the job. You can create employee loyalty if you treat them like an investment.
  3. If you have high turnover. If your manufacturing facility experiences a lot of turnover, it could be a sign that your pay rates are not at a level that will keep employees happy. High turnover can be more expensive than engaging your current workforce, so consider raising pay rates and increasing the entry-level rate to attract a better caliber of candidate. Again, you don't want to start fresh with each project with an unproven team.

What is your budget for your next new hire? Contact our employment experts to learn more about hiring the best skilled labor for your manufacturing facility.

 
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Tim Sinclair
Tim Sinclair
Director
(843) 577-5843
tsinclair@websterrogers.com
40 Calhoun Street, Suite 320
Charleston, SC 29401
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