Making Chips Podcast for Manufacturing Leaders

What do you do when an employee resigns? How do you handle their departure in a dignified way? What do you do when you have to let someone go? You have to handle each scenario differently—and sometimes gingerly. So in this episode of MakingChips, we walk through navigating the exit process. Paul Van Metre joins us to share how ProShop ERP can make the transition easier.  Segments [0:26] Come see us at IMTS 2022! [3:14] What’s happening in our worlds [5:07] Manufacturing News: What’s happening in Ukraine? [7:28] What do you do when someone resigns? [10:37] The formalities of the exit process [13:38] Paul shares how ProShop ERP can ease the transition [19:50] What happens when you have to let someone go? [22:10] What Jim’s Dad would have done  Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Register for IMTS 2022 ProShop ERP Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

What do you expect from your employees? Do you expect them to think like an owner? Or just clock in and get their work done? Are they compensated for your expectations? In this episode of MakingChips, we’ll cover the bonus incentive plan I’ve structured for my core team. I’ll share the goals of the program, how to determine what behaviors to incentivize, what the reward(s) will be, and an easy way to manage it. Don’t miss it! Segments [2:16] ZENGERS new bonus incentive program [2:50] What’s happening in the lives of ZENGERS and Carr [5:59] Illinois and Chicago’s Vaccine and Mask Mandates to End Feb. 28th [9:03] How I structure my bonus incentive program [13:15] The 4 goals of my bonus incentive program [15:39] How to determine what behaviors to incentivize [23:53] The goal of the incentive program is to drive results [26:20] Determine the reward of your incentive program [28:17] How to manage your bonus incentive program [32:33] Are you incentivizing what someone is paid to do? Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Illinois and Chicago’s Vaccine and Mask Mandates to End Feb. 28th, Anticipation Builds for IMTS 2022 Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

As our team begins to grow at Carr Machine & Tool, I believe it’s time to hire for a middle management position. But what is middle management? What does a middle management role consist of? Will implementing this role truly solve our problems? Jason helps me talk through the challenges I’m facing in this episode of Making Chips! Any tips, tricks, or ideas to help me through this? Reach out at Jim@MakingChips.com. I’d love to hear from you!  Segments [2:00] Does my shop need middle management? [4:46] What’s happening in our worlds [7:33] BIG NEWS: Meet us at IMTS 2022! [8:36] Manufacturing is a high-tech frontier [15:48] What does a middle management role consist of? [18:54] How to determine if you need middle management roles [24:49] The core problem we’re trying to solve [30:45] What is the biggest role of a middle manager? Resources mentioned on this episode What Has Led to the Manufacturing Labor Shortage? Why Middle Management is So Exhausting and What to Do about it International Manufacturing Technology Show 2022 ProShop ERP Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

How do you keep corporate culture alive when your workforce is completely remote? How do you focus your company on your values, mission, and goals? When a thriving company culture is crucial to retaining your employees, it can’t be neglected. We dissect this problem we’re facing because of the COVID pandemic—and 6 possible ways to promote and maintain your unique company culture—in this episode of MakingChips.  Segments [2:11] How remote work impacts company culture [4:57] What is corporate culture?  [6:27] What’s happening in our worlds [8:09] Celebrating our 50th Anniversary our way [10:05] Artificial intelligence in manufacturing [15:20] Corporate culture in a virtual world [18:23] Tip #1: Populate your social stream [20:38] Tip #2: Start a virtual club [21:34] Tip #3: Embrace video calls [25:40] Tip #4: Gamify your platform [26:56] Tip #5: Create an expert’s area [28:27] Tip #6: Keep your company mission alive  Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! ProShopERP.com OTT-JAKOB How to Keep Company Culture Alive When Remote Working: 6 Proven Strategies Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Is the labor shortage accelerating automation? Why is there a perception that automation is both risky and complex? How do you lead your elders with authority yet humility? To dovetail—or not to dovetail? These are the questions that we hash out with Michael Gaunce, the VP of Sales for Tooling and Workholding at SCHUNK. We take a deep look into the technical side of workholding and automation in this episode of Making Chips. Now is the time to embrace automation. Because if you’re not making chips efficiently, you’re not making money! Segments [2:55] What’s happening in our lives [5:23] 2022 Labor and Employment Outlook for Manufacturers [9:09] Learn more about Michael Gaunce [12:47] Is the labor shortage accelerating automation?  [15:20] The perception that automation is risky or complex [19:10] Two ways to do automation machine-tending [27:42] A conversation on workholding [32:55] To dovetail or not to dovetail? [39:01] Leading your elders with authority and humility Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! The Name of the Wind by Patrick Rothfuss 2022 Labor and Employment Outlook for Manufacturers Connect with Michael Gaunce on LinkedIn Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

MakingChips is NOT a cult of personality. We want MakingChips to be about the Metalworking nation. We want to interview you. We want to talk about your problems and how to solve them. We hope we equip, inspire—and sometimes entertain—you. With that being said, some BIG changes are coming. What will the future of MakingChips hold? Listen to this episode to hear our game-changing update for the Metalworking nation.  Segments [3:58] Learn more about the MakingChips hosts [5:22] We’re NOT a cult of personality [7:26] The numerous transitions of MakingChips [11:05] MakingChips 3.0: next steps [14:39] How to apply to become a podcast host [16:06] Jim’s new show: My True Position  [20:00] Nick’s new show: Design. Build. Grow. [22:30] Jason’s new show: At the Boring Bar Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! We want to bring on three new hosts of three NEW shows. If you believe you have a podcast the Metalworking nation can benefit from, connect with us. Send us a pitch at info@makingchips.com. Share a description, your history, and why you believe it can become a monthly show. You may just become a member of the MakingChips podcast family! Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Your people are the most important part of your business. If they’re not, they should be. When you hire someone, it’s always with the hope that they’ll become a long-term part of the family, right? So you need to cultivate a workplace culture they want to stay and thrive in. So in this episode of Making Chips, we’ll share nine simple tactics that you can implement immediately to transform your company culture.  Segments [5:01] Your culture is the muscle below the muscle [7:56] The good things happening in our lives  [13:30] Tactic #1: Fight for individuals that you care about [14:52] Accelerate your digital transformation with Xometry [16:48] Tactic #2: Get to know your employees [21:58] Tactic #3: Cultivate and promote friendships [23:38] Tactic #4: Don’t overly focus on profit and achievement [27:30] Tactic #5: Reward your people for success [29:06] Tactic #6: Believe in your mission and align everyone to that [30:33] Tactic #7: Be humble and treat everyone as equals [32:10] Tactic #8: Inspire your people to be better [33:44] Tactic #9: Be approachable in any circumstance Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! New Sales Simplified By Mike Weinberg Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

What are the things you HATE about meetings? Moving into 2022, would you like to have better, more productive meetings that don’t waste time and actually get things done? The MakingChips team is discussing the issue on this episode based on a book Nick read recently, called, “Death By Meeting.” Learn 3 steps you can take to make your meetings powerful for 2022. Segments [0:32] Holiday experiences from the guys (good ones) [7:35] Manufacturing news: supply chain issues: trucking, air, ocean, rail trends [13:30] Nick’s resolution: Lead better meetings in 2022 [21:45] How to have better meetings [26:25] Making it safe for participants to share differing opinions [36:19] Asynchronous meetings: what they are, how they work Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! OUR SPONSOR: https://www.xometry.com/makingchips/ BOOK: Death by Meeting MOVIE: The Santa Clause BOOK: Smart, Not Spoiled BOOK: The Advantage Supply Chain article Nick discussed BOOK: No Fail Meetings Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

This is NOT another goal-setting podcast episode. You know, the kind that explains how to effectively set goals for the year… this one is about WHY you need to set goals. No tips and tricks. No newest approaches and apps. We’re going to talk about the impact goal-setting can have on your life and business. Jim and Nick come along for the discussion because this is something important to me, personally. We’re going to cover eight reasons annual goals will benefit you, so be sure to listen. BAM!  Segments [3:57] This episode’s topic [6:19 ] Manufacturing News: Industry Week Article: Taking action, future flexibility  [11:56] Closure of the preceding year  comes from annual planning [13:15] Goal-setting enables you to Identify opportunities [15:09 ] Prioritization flows from goal setting [15:39] Goal-setting enables you to develop an attitude of gratitude [22:26] You can focus on what is important throughout the year when you set goals [23:04] Goals enable you to say “NO” to things  [23:45] You can tell if you have won at the end of the year if you set goals [27:04] Annual goals set you up for 3 to 5 years Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! MT Forecast Conference Previous podcast episode about goal setting BOOK: Traction Two episodes about  the Entrepreneur Operating System: here and there Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

In our previous conversation with Jeff Taylor (episode 292) we introduced the idea of ESOPS (Employee Stock Ownership Plans) as a way to give true ownership to your manufacturing business employees. We invited Jeff back for this episode to tell us more of the journey he’s been on with ESOPs and discovered that the outcome was more than he could have imagined. Going back to the beginning of the process for Jeff, he has spent his adult life working for others and adding value to their companies. But he never received any sort of extended value or equity in the company. His experience led him to think about how he could develop cultures and attitudes among working teams that enabled them to truly have ownership in the company (in terms of mindset AND equity). That’s when the idea of ESOPs (Employee Stock Ownership Plans) came onto his radar. This episode explores the topic in greater detail and will open your mind to how your manufacturing business could be organized to leave a legacy through your employees.   Segments [1:13] Thank YOU for being such loyal listeners [3:45] Manufacturing news: NASA “dart” mission [7:35] Resuming our previous conversation with Jeff Taylor about ESOPs [15:10] The conscious decisions and eventual growth that make and ESOP reality [27:49] Nobody set out to sell, but they wanted to be ready for the best situation [35:51] The timeline and summary and how the company is different now [37:52] Jeff’s view of the ESOP in the continuum of possibilities, pros and cons Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Visit our Sponsor Xometry Connect with Jeff on LinkedIn NASA “DART” mission BOOK: Progressive Partnerships BOOK: Name of the Wind BOOK: Hitler’s Monsters Crafts Technology - the company Jeff served and that sold to Hyperion Technologies Previous MakingChips episode (292) featuring Jeff Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube