Employee Benefits: Are You Really Benefiting?

Does your team know what they’re really getting when you offer employee benefits, such as health insurance and a 401k? In this episode of MakingChips, Jason and I dissect the employee benefits we offer at Carr Machine & Tool. When we calculate what we’re investing in our employees, the number is shocking. Learn just how valuable offering employee benefits can be in this episode! After all, you have to incentivize your employees to make chips, so you’re making money! BAM! – Jim Segments [1:55] Employee benefits: Are you benefiting?  [3:47] The definition of employee benefits [6:35] Why employee benefits are important [9:21] Manufacturing news: Rivian laying off 6% of workforce [13:38] Breaking down the cost of employee benefits [24:05] Why benefits outweigh a higher hourly wage [29:48] Carr Machine & Tool and ZENGERS are hiring! Resources mentioned on this episode Amper Technologies Don’t miss IMTS! Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter

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Manufacturing is challenging, but if you are connected to a community of leaders, you can elevate your skills, solve your problems and grow your business! MakingChips was launched in 2014 to equip and inspire the metalworking nation. Hundreds of episodes and a million downloads later, it’s an industry-leading source of information, inspiration, and entertainment for manufacturing leaders of all types. It’s hosted by Jason Zenger and Nick Goellner, two multi-generational manufacturing leaders, and they’re joined by a rotating panel of expert guests – including Titan Gilroy (TITANS of CNC), John Saunders (NYC CNC), Mark TerryBerry (Haas Automation), and many more. Join us as we tackle the topics that keep you up at night - leadership, operations, technology, growth, workforce development and culture.