For many machinery companies, overhead responsibilities like HR often become secondary to what’s happening on the plant floor. Outsourcing your HR and employee benefits services to a Professional Employer Organization (PEO) like GMS can help provide you with the right equipment to ensure your company runs like a well-oiled machine.
The Problem with Recruitment and Retention Within the Machine Industry
As machines become increasingly automated, highly skilled employees will be crucial to keeping production moving on the shop floor. Of course, offering good salary, benefits, and training is instrumental to finding and retaining this degree of talent in the machining industry. However, workplace safety risks—ranging from slippery floors to misuse of equipment—can threaten your bottom line with costly workers’ compensation claims, making it difficult for small to mid-sized machinery companies to provide these kinds of benefits. In fact, during the first quarter of 2019, more than one-quarter of machine manufacturers had to turn down new business opportunities for lack of skilled employees.
How a PEO Can Help Your Machinery Business
A PEO can provide comprehensive HR services, including payroll processing, recruitment, and risk management, for employers that specialize in machinery for agriculture, construction, industrial manufacturing, and more. As a result, the savings you’ll encounter from streamlining these non-revenue generating departments can enable you to offer competitive compensation packages and put the focus back on growing your business.
At GMS, we understand the risks and challenges associated with owning a machinery company. As part of our comprehensive HR services, we can help you offer attractive benefits like affordable health insurance and strong retirement savings plans, while minimizing safety risks to help keep workers’ compensation claims low. Additional ways we can support your machinery company include but are not limited to:
Contact us today or visit our FAQ page to learn more about how GMS can make your machinery company simpler, safer, and stronger.