Overcoming Common HR and Payroll Concerns in Manufacturing

HR departments within manufacturing companies face unique challenges unlike any other industry. They have to keep up with a rapidly evolving workplace, stay up to date with all necessary regulations, and manage onboarding and training.

IRIS payroll and HCM services can help you overcome some of the most common issues in manufacturing. Learn more about the largest challenges faced in manufacturing and how IRIS helps overcome them.

1. Skill Labor Shortage
   Manufacturing is an essential industry, but the industry is facing a massive shortage of skilled laborers, and it’s estimated that more than 8 million global manufacturing jobs could go unfilled by 2030.
   
   While there are multiple reasons for this shortage, a key contributor is the lack of stability manufacturing jobs provide. With an unstable global supply chain, the demand for manufacturing ebbs and flows, translating to unreliable work schedules, which makes it difficult to attract and retain talent.
2. Poor Employee Experience
   Work is more than just a place to earn a paycheck. Employees are looking for an organization that offers a culture that resonates with their values and a chance for advancement and training. That employee experience starts with the hiring and onboarding experience and continues through every workday, paycheck, and PTO request.
   
   Many manufacturing jobs do not consider the employee experience. This can include piles of paperwork as part of onboarding, difficult-to-understand HR processes, and complex scheduling solutions. Each of these issues can make employees unsatisfied with their work, leading to high turnover rates and a lack of productivity.
3. Automation
   Automation and mechanization are changing manufacturing because it creates a standardized process that can be recreated at any factory. As long as the same machines and methods are used, the same end products can be created. This is a challenge to manufacturing because it means parts and products can be produced globally from any market, under any supply chain. This means that manufacturers are competing not just against local or national competitors, but they are competing against a global marketplace that can manufacture the same products at the same quality and consistency.
4. Inventory Management
   There is a fine line that manufacturers have to walk when storing and maintaining their product and raw materials inventory. Inventory is potential capital, so any material or product that is in storage waiting to be used, sold, or shipped is wasted capital. Maintaining too high of an inventory leads to costly maintenance and storage fees, while maintaining a low inventory can hurt profits and customer relationships because the product isn’t available when the consumer wants it. Manufacturers have to find a balance taking into factor the market demand, the cost of storage, and the impact of potential capital sitting in storage and its impact on their bottom line.

How IRIS Payroll and HCM Services Can Help

IRIS Payroll and HCM services are designed to provide you with the support you need in your payroll and HR processes to help you better manage talent retention and management. Here are three ways IRIS helps your organization overcome some of the most common challenges you face.

1. Digital Onboarding and Training
   IRIS streamlines your onboarding and training processes by providing you with a centralized digital hub where you can manage everything. This helps remove the time and effort required to manage onboarding and training while also making it more accessible for your employees.
2. Automation
   HR and payroll processes are filled with repetitive manual data entry tasks, which are prone to errors. IRIS’s automation tools allow you to streamline those manual tasks, helping you eliminate errors. This saves you time while also improving your employee’s work experience.
3. Employee Empowerment
   One of the best ways to improve your employees’ experience is by involving them and giving them ownership of key processes. IRIS provides you with an employee portal where they can access, view, and modify their payroll and HR information as well as manage and track their training.

Achieve More with IRIS

IRIS lets you focus on growth while leaving payroll and HR with us. See the difference IRIS can make to your HR and payroll processes today.