2023 Industrial & Production Trades Survey Executive Summary

Guide
Engagement & Retention
Recruiting & Hiring

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Recruitment and retention challenges have posed significant obstacles for manufacturing organizations in recent years. These companies operate in a dynamic, competitive industry that demands skilled workers to drive productivity and innovation. This year, turnover continues to be a challenge for organizations. While employee separation was felt by all industries in the past year, companies that employ Production, Maintenance, Service, & Trade workers felt the impact even more significantly. These companies reported losing one of three skilled employees (MRA’s 2023 Turnover Survey). Moreover, nearly half of unskilled laborers/helpers separated from their employers in the past year.

With unemployment at a record low, organizations are struggling with retaining employees and recruiting new employees. Numerous factors can contribute to manufacturers’ difficulties in recruiting and retaining a talented workforce. These challenges require proactive strategies to overcome.

Organizations that operate on multiple shifts have commonly used overtime as a staffing solution. Most organizations have both voluntary and mandatory overtime policies. In the past 12 months, 25 percent of organizations have decreased mandatory overtime and 18 percent have increased voluntary overtime.

2023 IPT Survey Cover