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How to Hire More Millennials

Employers are focused on building the workforce’s next generation, and that means bringing on more Millennials. Manufacturing.net shares a new infographic, “25 Ways To Attract Millennials To Manufacturing.” Here are a few of those suggestions:

Offer mentoring programs and opportunities, along with a clear path to advancement.
Provide frequent feedback, not just at an …

Is Your Manufacturing Company a Learning Organization?

In her new article, “6 Telltale Signs Your Manufacturing Company is a Learning Organization,” Linda Wechsler tells the reader what criteria to look for:

All employees understand and believe in the company’s vision, mission, and values.
Continuous improvement is a constant state of mind in every person, front line to CEO.
Learning is an …

Trump Administration and Agriculture

As President-elect Trump prepares to take office, there has been speculation about who he might pick for Secretary of Agriculture. It has been noted that Sonny Perdue, the former governor of Georgia, is a strong contender.

As far as policy goes, Farm Futures has some insight: “The U.S. is a major exporter of crops and …

2017 Business Risks

Hopefully, 2017 will be a year of great prosperity for you and your business. What risks will businesses face in the coming year? CPA Practice Advisor’s managing editor Isaac O’Bannon reports on the findings of a new study examining these risks. “Recent global uncertainties and their potential effects on businesses are top of mind …

OSHA Final Rule

OSHA has issued a final rule regarding record-keeping of workplace illnesses and injuries. The final rule’s amendments clarify employers’ obligations, but they do not add any additional compliance requirements.

The final rule reads, “The duty to record an injury or illness continues for as long as the employer must keep records of the recordable injury …

Operational Profitability

Measuring operational profitability is a complex process. AgStar’s Lori Teigin shares some insight into this process. Here are some of the factors involved in calculating profitability:

Accrual: Teigin explains, “From a lender’s standpoint, accrual analysis, not cash, is the best way to look at how your business is performing.” (She goes into greater detail …

Asset Mismanagement

Efficiency and cost are significantly impacted when electronic and tech assets are not properly tracked – whether they’re lost, broken, or even stolen. Supply Chain 24/7 lists five ways the mismanagement of these assets will affect your business. Here are the top three:

Delayed jobs and services: If workers can’t do their jobs, that …

Trump and Domestic Manufacturing

Every industry has speculated about what changes might occur once President-elect Trump takes office on January 20, 2017. Here are a few of the policy issues that could impact domestic manufacturing:

Tax: President-elect Trump has spoken at length about tax reform. He has proposed lowering the individual tax rate to 33% and the corporate …

Non-Family Members and Your Farm’s Legacy

It’s estimated that 20% of U.S. farms do not have a next generation who will take over. That means these business owners have begun to consider partnering with non-family members. Agricultural expert Dr. Dave Kohl has some advice for this process:

Make a list of business, family, and personal goals. What do you hope …

Growing Number of Businesses Financing Equipment

A new study gives an in-depth look into equipment leasing and purchasing trends. The study, released by the Equipment Leasing & Finance Foundation, found that 78% of businesses used at least one form of financing when acquiring equipment in 2015. This figure is up from 72% in 2012. Modern Materials Handling has some of …