Tenure helps manufacturing teams save, stay motivated, and feel valued—driving loyalty and reducing turnover.
Manufacturing relies on skilled, reliable workers, yet the industry faces a turnover rate of around 40% annually, driven by financial stress, lack of job satisfaction, and high physical demands. Tenure addresses these challenges with savings perks and recognition programs that boost employee satisfaction, reduce turnover, and build loyalty within manufacturing teams. These benefits empower employees to build financial security while feeling appreciated for their hard work.
Turnover Rate Bureau of Labor Statistics, industry reports
Financial Stress: Financial health studies on blue-collar workers (e.g., PwC Financial Wellness Report)
Learn How Tenure Supports Retention
Manufacturing employees often face financial instability, with many struggling to save for emergencies or long-term goals. Tenure’s savings perks help employees set aside a portion of their earnings for specific savings goals, such as emergency funds, retirement, or family expenses. By making it easy to save, Tenure supports financial wellness, helping employees manage their finances with confidence and reducing the financial stress that often leads to turnover.
Savings Challenge: 55% of workers report feeling financially insecure (SHRM, 2020), with blue-collar workers often facing added challenges. Savings perks can offer peace of mind and greater stability.
Explore Savings OptionsIn manufacturing, hard work and dedication are essential to meeting production goals, yet these contributions are often overlooked. Recognizing employees who go the extra mile strengthens loyalty and morale. For example, imagine John, a line worker who consistently exceeds his production targets and mentors new team members. With Tenure, managers can reward John’s commitment through an immediate bonus, which he can choose to save or use as he wishes. This kind of real-time recognition helps employees feel appreciated, reinforcing a culture of loyalty and high performance.
Recognition Impact: 69%of employees say they would work harder if they were better recognized (Gallup, 2018). Recognition directly impacts morale and motivation.
See How Easy It Is to Reward DedicationHigh turnover disrupts production and drives up costs. By offering financial wellness perks, such as savings programs and recognition rewards, Tenure helps manufacturing businesses keep their valued employees, reduce training and hiring costs, and build a stable, motivated team. With Tenure, your work force feels valued and financially supported—leading to higher retention and a more consistent production output.
Turnover Cost in Manufacturing: Replacing a manufacturing employee can cost up to 20% of their annual salary (Center for American Progress, 2012). Reducing turnover provides substantial savings and stability.
Learn More About Reducing Turnover
Empower employees with savings perks that support financial stability.
Recognize hard work instantly, supporting a culture of appreciation.
Retain skilled workers with benefits that meet their financial and personal needs.
Short quotes from current clients or employees about their experience with Tenure:
Sign up today or request a demo to see how Tenure can make a difference for your workforce and business.
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