Bring Manufacturing Workers Into the Fold With a Strong Employee Benefits Package

The labor shortage in the manufacturing sector has been well documented. As of October 2021, the number of workers in the industry had declined by almost 400,000 from pre-pandemic levels. According to the National Association of Manufacturers, nearly 2.1 million manufacturing jobs could be open by 2030.

employee benefits

Will this worker shortage adversely affect your manufacturing company, or has it already done so? You don't have to sit idly by while the labor gap continues to grow. One way to entice more workers is by offering an impressive slate of employee benefits. Doing so can help you attract and retain top talent.

Enhance Your Employee Benefits Package

Compensation has always been vital to virtually any job offer, and that hasn't changed. But increasingly, job candidates are focusing on employee benefits that may be available to them.

Notably, certain employee benefits are tax-exempt to participating employees, making them particularly attractive. This includes, but isn't limited to, the following benefits that could convince an applicant to come on board:

Build a Positive Corporate Culture

Last, but not least, strive to create a work environment that makes a favorable first (and lasting) impression. Employees spend a lot of time on the job and you want them to feel at ease among coworkers and supervisors alike. Project a positive attitude that will carry over to others. Conversely, a toxic workplace could lead to even more turnover and early retirements.

If your manufacturing company is currently hiring, take the time to review your employee benefits package. We can help explain the tax consequences of various options if you'd like to expand your offerings.

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