Every productive business is backed by the quality of its staff. Studies have shown that engaged and qualified employees are absolutely instrumental to the company’s overall success – without them, almost all operational aspects struggle.
The warehouse industry has been booming over the past year! In order to compete, it’s important to do everything possible to ensure efficiency and productivity at each stage of warehouse operations. There is no question that all companies want to hire the best possible candidates for their open positions.
However, did you know that while they certainly make for a more positive workplace, hiring qualified candidates also can have a huge impact on your profitability?
Here are the top five ways in which hiring qualified warehouse staff can help improve your company’s profits.
Lower Turnover Rates
Perhaps the biggest advantage to hiring great employees is the fact that they don’t have to be replaced as often. Did you know that 80% of turnover is due to bad hiring decisions? Even if you are hiring temp or contract warehouse workers, they can still be problematic during their shorter stint with your company, necessitating letting them go before their time is done and starting from scratch.
According to recent figures, warehouse turnover can cost around 25% of an employee’s wages. By hiring qualified candidates that are better suited to your particular open positions, your retention rates will greatly improve. This not only saves you money, but also prevents unnecessary time spent training and onboarding more staff.
It’s a simple fact that higher quality candidates contribute to overall productivity and efficiency in every industry. When candidates are well-suited to the job in question, they are more likely to be satisfied in their position and be that much more inclined to do a good job. In fact, research has suggested that satisfied employees can be up to 13% more productive.
Also, if a candidate has previous experience in the warehousing field, they may have the potential to lend their expertise and leadership to other workers, which will help create a more collaborative and communicative workplace.
Less Likely to Make Mistakes or Get Injured
In a fast-paced industry like warehousing, there is little room for error. Shipping or inventory mistakes can end up costing your whole team time, energy and of course money; avoiding errors like these is one way to keep your profitability is at its peak.
The efficiency of your warehouse, as well as the safety and security of your employees need to be top priorities. When candidates are properly screened, vetted and trained for the job in question they are less likely to make costly errors – or more seriously, get injured.
They May Need Less Training
Qualified candidates will typically require less training and onboarding before starting on the job. Cutting back on the time allotted for training allows your new candidates to hit the ground running sooner, so that you are spending your time – and consequently, your money – more effectively.
When you work with Select Staff to find your warehouse employees, you know that not only are they pre-screened and assessed before starting to work at your facility, but they are also often trained before their first day. Whether that means being briefed on safety protocols, learning about best practices in the workplace or another specific area of preliminary training, in nearly all cases Select Staff candidates will require less preparation than the average job seeker.
Working with a Recruiter Saves You Money AND Time
We all know the saying: “Time is Money!”
Working with a recruiter can help you minimize expenditures on both of these fronts. Not only do our recruiters take care of all aspects of the hiring process – allowing you to focus on what you do best – but they have years of specialized experience finding the most qualified candidates for open warehousing positions!
A great employee-employer fit reduces the likelihood of turnover and workplace error. In the case of Select, it also comes with the assurance that you will be getting a top candidate that has been evaluated by Texas’ leading search firm! We stand behind the quality of our placements and always strive to find a fit that works best for your company.
If you need a hand finding your next warehouse employee, don’t hesitate to reach out today.