The impact of growth as well as a shortage of qualified workers jointly compresses the strain for manufacturers to achieve the best outcome possible for every new hire.
- There is a renewed focus on opportunity to grow talent pools through early education involvement and training. It is becoming vital for manufactures to invest into proper job training.
- Manufactures with ballooning workforces may lack some of the protocol necessary to protect them from employment practices liability lawsuits.
- Loose employment protocols can often lead to claims of discrimination, wrongful termination as well a newer and growing threat we have seen: wage and hour claims. Most employment practices policies will not respond to claims unless a sublimit is requested specifically which could leave many employers exposed to self insuring these risks.
At Oswald we have designed a process to simplify and add clarity to managing emerging risk in manufacturing. We have a team consisting of insurance specialist and professionals directly from manufacturing industry that give our clients the resources to manage the changing landscape of risk in manufacturing. Learn more about Oswald’s Manufacturing Practice.
The end outcome being piece of mind and control of risk so our clients can focus on capitalizing on opportunity.
To learn more about the survey findings, insights and the latest ways we can help you manage risk, contact:
Josh Fragoso, CIC, REBC
Director of Sales
Note: This communication is for informational purposes only. Although every reasonable effort is made to present current and accurate information, Oswald makes no guarantees of any kind and cannot be held liable for any outdated or incorrect information. View our communications policy.