Report: How does company culture affect workforce development in the manufacturing industry?

The Manufacturing Institute has released the results of its most recent study. Conducted in partnership with Colonial Life, the report examines how company culture and employee engagement affect manufacturers’ ability to attract and retain top talent. The survey data, which was gathered from March through May, was based on input from manufacturing employees, manufacturers, and industry leaders. Here are a few key findings from the report.

• 87% of respondents discuss company culture during the interviewing and onboarding processes
• 97% of employees cited relationships with coworkers and managers as reasons why they stay at their current company
• 79% of survey participants said non-salary benefits packages make workers feel appreciated

In a recent quote, MI President and Executive Director Carolyn Lee said, “Manufacturers will need to fill around 4 million jobs by the end of the decade, and today our industry is facing significant structural workforce challenges, such as a tight labor market and the skills gap. Employers must do everything they can to bolster their talent attraction and retention efforts, and a vibrant, clearly defined company culture is a vital part of that. The study illustrates the importance of culture as well as employee priorities and strategies that manufacturers can pursue.”