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Todd Drummond

Three Simple Truths for Attracting and Retaining Talented Employees

Todd Drummond

Is your company having problems finding good employees to fill all the needed positions within your company? Are you thinking wage inflation is getting out of hand? Perhaps you should look at it from a different perspective. Multiple case studies have shown that companies with low employee...

#14275 Cover image
June 2022
Issue #14275
Page 29
Todd Drummond

Detailed Process for Implementing an Effective Labor Incentive Program

Todd Drummond

One of my clients’ most often asked questions is, “How exactly do we track and implement an incentive program?” Most companies are willing to pay their manufacturing employees more wages (incentives) based on greater output. Yet, the vast majority of wood truss component...

#14274 Cover image
May 2022
Issue #14274
Page 35
Todd Drummond

Record CM Building Industry Net Profits are Coming to an End Sooner Than Most Believe

Todd Drummond

What a ride it has been for the vast majority of the component manufacturing (CM) for wood trusses and wall panels in North America the past few years. The demand for new homes outpaced the supply capacity of most homebuilders and those who suppy them. This record-breaking rate of building...

#14273 Cover image
April 2022
Issue #14273
Page 35
Todd Drummond

Millions of Dollars for New Equipment and Building Investments are Being Wasted

Todd Drummond

Expanding the manufacturing capacity within the component manufacturing (CM) industry for wood trusses and wall panels is at a fever pitch. The overwhelming majority of CMs have the same limited capacity issue trying to keep up with sales, which led to excellent record-breaking sales volumes and...

#14272 Cover image
March 2022
Issue #14272
Page 35
Todd Drummond

A Stable and Proficient Workforce is Key to Best-in-Class Profits

Todd Drummond

Last month’s article, “Record-Breaking EBITA Exceeded Mid-Twenties for Many Component Manufacturing for 2021,” mentioned a key factor of making best-in-class profits: the highest performers have very low employee turnover and vacancies. Creating a stable and proficient...

#14271 Cover image
February 2022
Issue #14271
Page 35
Todd Drummond

Record-Breaking EBITA Exceeded Mid-Twenties for Many CMs for 2021

Todd Drummond

Last year should have been a record profit year for wood truss and wall panel component manufacturers (CM). Many of my clients have mid to upper-twenties EBITA. A few made it to the mid-thirties of their total sales. Yet, so many find this hard to believe. Too many believe mid to high teens for...

#14270 Cover image
January 2022
Issue #14270
Page 35
Todd Drummond

How to Lose Millions of Profits with Linear Saws and Two-Person Crews

Todd Drummond

There has been a big push to reduce labor. In response, more than one equipment vendor has suggested that component manufacturers (CM) should purchase linear saws directly tied to roof gantry tables. The idea is simple: fewer crew members and more automation to increase efficiencies and reduce...

#13269 Cover image
December 2021
Issue #13269
Page 35
Todd Drummond

The Great Employee Wage Debate

Todd Drummond

A sign that could have appeared in any town has caused quite a stir. The message is direct: “Stimulate your ass to work—Every business in town is hiring.” [For image, See PDF or View in Full Issue.] For business leaders, it aptly voices their frustration when trying to compete...

#13268 Cover image
November 2021
Issue #13268
Page 36
Todd Drummond

Get Free Answers to Your Most Pressing Problems

Todd Drummond

Would you like unbiased advice for problems that your company is facing right now? If so, visit The Minute Clinic! At BCMC Omaha, stop by Booth 315, where our Minute Clinic will give you Free Answers to the most pressing problems you may have. Together with Tony Misura of the Misura Group...

#13267 Cover image
October 2021
Issue #13267
Page 37
Todd Drummond

Solve The Most Pressing Problems with A Different Mindset

Todd Drummond

Chronic employee staffing shortages can be a blatant sign that a company’s employment practices need improvement. One should be very hesitant to blame external forces beyond a given reasonable period. Too many companies are simply blind to their overall company’s poor employee...

#13266 Cover image
September 2021
Issue #13266
Page 37
Todd Drummond

Capital Investments are Not Going to Be Enough When the Party is Over

Todd Drummond

The article I published in April, Record CM Building Industry Net Profits are Coming to an End Sooner Than Most Believe, predicted that the construction industry would start seeing negative market changes around August of this year. Wow, was I right about calling that one? The continued...

#14276 Cover image
July 2022
Issue #14276
Page 28
Simpson Strong-Tie Staff

How To DIY a Sectional Sofa

Simpson Strong-Tie Staff

We have paired up with Jaime Costiglio from That’s My Letter to bring you free plans for a DIY sofa and ottoman. [For photos, see PDF or View in Full Issue.] Most people have a family room or another designated space where they watch TV or play games. In my home, we have an open first...

#14272 Cover image
March 2022
Issue #14272
Page 120
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