WASHINGTON, -  Today, The Manufacturing Institute released a Return on Investment Calculator for manufacturers at CostofAHire.com. This free, web-based tool offers employers a structure to identify the cost of an open position and offers several ways to reduce costs. Key indicators include on-the-job training, turnover, and productivity loss.

More than 80 percent of executives agree there is a talent shortage in U.S. manufacturing. Finding quality workers takes time and money, and hiring the right employee for the job is a daunting task. The Return on Investment Calculator helps manufacturers identify expenses across human resources, training, recruiting, and operations—and therefore to reduce costs and improve their business operations.

The ROI calculator was produced in partnership with the National Aviation Consortium, led by Wichita Area Technical College. The consortium consists of five community colleges that were awarded a U.S. Department of Labor grant under the Trade Adjustment Assistance Community College and Career Training (TAACCCT) program. The Joyce Foundation provided funding to develop the ROI calculator with the input of several organizations and companies in the Great Lakes region.

To get started with this tool, visit www.costofahire.com

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