In the U.S. manufacturing turnover rates are as high as 20%. EBN (Employee Benefit News) estimated in 2017 that it costs around 33% of a worker’s annual salary to replace them, meaning you could be paying nearly $15k per employee making a $45k salary. For technical positions in the manufacturing sector, replacement costs jump to 100-150 percent of salary. If you have a high turnover rate, that cost really starts to add up. More concerning is the potential loss of productivity. Did you know that companies with high turnover rates lose, on average, $120,000 per lost employee? Yikes.
Keeping up with a high-quality talent pipeline for a potentially rocky hiring environment can be daunting and expensive but it doesn’t have to be. You don’t have to lose money from inefficient hiring practices because we have solutions for Industrials, Wholesalers, Manufacturers, Warehouse Logistics and Non-Residential Construction companies. Let’s talk about that.
Our AI/ML (Artificial Intelligence and Machine Learning) technology stack allows us to identify key market points such as talent density, compensation levels, competitiveness, attrition, and competitor density. Our process includes generating data that other recruiting agencies do not have access to in their main channels of recruitment. We use automatic aggregators to push your job posting onto multiple platforms from one system. We also use project management software to ensure our team and yours are constantly working together.
Long Story, Short: You always have quality candidates on hand.
We offer custom solutions that fit your business needs. We package our recruiting services with world-class technology and skilled talent managers so you can save without sacrificing quality. We offer AI-powered tech and on-demand reporting, sending you detailed reports on our performance weekly. You’re able to track our progress and your hiring team moves in real-time, whenever and wherever. We will consistently be sending you top-quality candidates to fill your hiring funnels. Daily quality uploads, interviews, and resumes will be at your fingertips. Lastly, you have a dedicated team here at PeopleLift, ready to help you and your HR team succeed.
Sounds expensive, right? Wrong.
Because of our unique solution, you aren’t paying a cost per head – and that means you’re saving money when you recruit with us. Our CPH (Cost Per Hire) is 50% below internal market value. We always yield our clients a successful ROI vs. the standard agency spend. We save you money. Check out some of our success for yourself:
- Our client in mid-sized manufacturing needed fill room operators, mechanics, chemical operators, managers, shift leaders, production managers, and maintenance managers for all of their operating shifts. We marketed their positions and received over 5,000 applications.
We reached 100% of thier six-month hiring goal within 80 days and we saved them $255,519 in hiring costs. The Society for Human Resource Management determined the average cost-per-hire is $4,425… we provided an average cost-per-hire of $1,488.
- Another Client, a growing manufacturing company, had acquired new plants in multiple cities. They needed to streamline their hiring process, integrate teams, and hire leadership. In just 60 days, we received nearly 2,000 applications, and we hired over 45 people – and filled their open leadership roles.
Our cost-per-hire was 56% Below Market Value.
We still work with these clients today, and we keep efficiently and affordably delivering. Discover the PeopleLift Difference Today – Contact us to schedule a no-obligation Discovery Call and get your FREE Comprehensive Talent Marketplace Assessment!