Carefully monitoring costs is not a matter of choice for CNC machine shops. It’s a necessity. A modest increase in material, labor or cycle times can mean the difference between a competitive bid and a losing one. In the same way, any cost savings may help a shop win and retain customers as well as adding to the profit line on the P&L statement.
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The Golden Rule, “Do unto others as you would have them do unto you,” is certainly an admirable way to go through life. However it may not be the best way to motivate your employees. The fact is, what makes us uniquely “us” is encoded in our DNA, and the way you like being treated may be very different for those who work for you.
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CNC machine shops have a lot invested in their employees. Hiring, training, and developing a competent staff requires a great deal of time and effort. That’s why it’s so important to hang on to your best employees. Finding good people is such a challenge, in fact, that your highest performing machine operators, production supervisors and other key employees are prime targets for other manufacturers that need to add staff.
Tags: Management