Leonard Arambam (LSSBB)'s Linkedin Analytics

Hey there! 👋 I'm Leonard, and I appreciate you taking the time to read my About page. Retaining top employees in today's workforce is a big challenge for any manufacturing leader. The reality is that 4% of new employees won't return after lunch on their first day, and nearly 40% will leave within their first year. And in 2022, the average cost of employee turnover was a staggering $18,000. Today's workforce operates under a different set of norms than previous generations. Understanding the DNA of today's workforce and applying strategies that resonate with them is the key to retaining top talent within your organization. The situation is worsening because by 2025, over 75% of the workforce will be millennials. Additionally, all baby boomers are expected to retire by 2030. As a millennial with over eight years of manufacturing experience, I've witnessed the turnover problem. I'd invest time in training a new team member, only to see them leave before the week ended, and the cycle continued with the next hire. My mission is to help manufacturing leaders in retaining their top talent in the modern workforce. Here is the unique insight I’ve discovered to increase retention % Companies that aim to retain top talent in the modern workforce must establish a clear and articulated strategy on 5 key areas: 1. Emotional Connection 2. Instant Gratification 3. Growth and Progress 4. Subjectivity and biases 5. Making work fun Follow my posts to hear more insights and strategies on how to retain top talent in the modern workforce. Thanks - Leonard