In an industry that’s suffering severe labor supply shortages and unparalleled demand for services be the warehouse that’s growing thanks to smart solutions. Lowering the costs of labor in your warehouse can give you the financial room you need to hire more qualified candidates, decrease your costs per unit, and maximize efficiency in the workplace. You can thrive, not just survive, in today’s economy with these 8 ways to reduce labor costs.
The issue of warehouse labor shortage is not new. It has made headlines for the last few years. Back in 2014, the warehouse and distribution center industry suffered a record-low labor shortage – the tightest job market since the year before the recession. The shortage has yet to abate, with warehouses around the country still struggling to fill their staff roster
If warehouse labor productivity is a question mark at your corporation, you could be losing money. It is paramount to stay on top of your warehouse’s performance measurements at all times, continually searching for inefficiencies and opportunities for improvement. Otherwise, productivity could be slipping through the cracks…as could your profits. Learn how to make your warehouse operations leaner through data-backed strategies with help from nGROUP.
The warehouse and distribution industry is facing challenges due to changes in the workforce. The labor shortage in America is reaching epidemic proportions, putting pressure on employers. Companies are struggling to keep their employees, while many employees are struggling to find competitive job opportunities. However, when it all comes together in just the right way, both the employer and the employee can be happy in the workplace. It is a delicate balance that takes training on both sides, but the increase in productivity is well worth the time and effort.
Last week we reviewed evidence that when companies invest in practices that increase employee engagement, they conversely produce higher levels of customer satisfaction and realize a significant increase in revenue growth. This is the reward of increasing employee engagement. Which leads us to a bigger question. What is the consequence if you do not address employee engagement?
If you are like me, you are elated to hear the introduction song to Monday night football; look forward to ESPN’s College Game Day and get a little upset when the Fantasy Football app doesn’t work. As hard as I work during the course of the week, I look forward to pulling for my favorite teams during the weekend and recharging for the next week’s challenges.
By David Cook