3 Steps to Help Close a Skills Gap

Aug 4, 2016 3:21:03 PM | Posted by Ram Ramamoorthy

Hiring the right employees is hard enough, but how do you also ensure they have the right skills?

If you’re like most manufacturers, your most experienced employees are also those closest to retirement. Replacing them without creating quality gaps won’t be easy or cheap – studies show that without a proper knowledge transfer plan, the cost to replace a senior engineer is between 300% and 500% of the senior employee’s salary. Putting the proper training procedures into place can help ensure no tribal knowledge is lost when your senior employees hand over the keys.

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