PotlatchDeltic Team Member Hiring and Turnover

Rhea-AI Summary

PotlatchDeltic (PCH) faced challenges in recruiting qualified talent in 2023, particularly for skilled labor positions in wood products facilities. The company hired 224 new team members, with a nearly equal split between northern and southern operations. 22% of new hires were female and 27% were underrepresented minorities. Wood products facilities accounted for 89% of new hires, with skilled maintenance positions being the most difficult to fill.

The overall employee turnover rate was 16%, with 72% leaving voluntarily. PotlatchDeltic employs various recruitment strategies, including job fairs, college career days, and social media. The company also offers paid internships to build awareness and skills in potential future employees, providing meaningful projects that aid in students' academic development and job readiness.

Positive

• Hired 224 new team members in 2023
• 22% of new hires were female and 27% were underrepresented minorities
• Offers paid internships to develop potential future employees
• Partnerships with local high schools and technical colleges to secure skilled workforce

Negative

• 16% overall employee turnover rate in 2023
• Challenges in recruiting qualified talent, especially for skilled labor positions
• Up to a year to find suitable candidates for specific roles
• 72% of turnover was voluntary, often due to desire for advancement and better schedules

NORTHAMPTON, MA / ACCESSWIRE / August 2, 2024 / PotlatchDeltic works to attract and develop talent for our existing and future workforce. Recruiting can be challenging due to limited supply of qualified and experienced talent at some of our locations. This is especially true for very specific roles and skilled labor positions where it can take up to a year to find suitable candidates. We seek to hire qualified individuals with diverse backgrounds and experiences.

We recruit using job fairs, college career days, employee referrals, search firms, and social media. We offer paid internships for some positions to help build awareness and skills in potential future employees. Summer intern positions support the students at colleges and universities and provide meaningful summer projects that aid in students' academic development and job readiness. In 2023, we hired 224 new Team Members, with 49% of new hires in our northern operations and 51% in our southern operations. Overall, 22% of new hires were female and 27% were underrepresented minorities. Our wood products facilities accounted for 89% of new hires. Nearly 24% of all new hires at our southern wood products facilities were hired to fill skilled maintenance-related openings such as millwrights, mechanics, and electricians. These types of positions remain among the most challenging to fill.

The overall employee turnover rate in 2023 was 16%; of that, 72% left voluntarily. Voluntary turnover was often due to a desire for further advancement opportunities, better schedules, and shorter commutes. Non-voluntary turnover at our wood products facilities is often due to Team Members being discharged for violation of Company policies.

We work with local staffing agencies to recruit and develop skilled candidates. We incorporate a range of strategies, including increased social media efforts, to staff hard to fill positions and broaden our search to include more diverse candidates. Partnerships with local high schools and technical colleges are critical for securing the skilled workforce needed at wood products facilities.

Internships

Our summer internship program provides a unique opportunity for undergraduate and graduate students to gain on-the-job experience in our businesses and to learn about PotlatchDeltic. Interns are provided with meaningful projects and collaborate with other students, as well as with employees and managers. Internships not only develop a pipeline of potential future talent, but also provide our employees an opportunity to be mentors and build their leadership skills.

FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements within the meaning of the federal securities laws. Words such as "campaign," "can," "future," "opportunities," "potential," "seek," and similar expressions are intended to identify such forward-looking statements. These statements reflect management's views of future events based on assumptions and are therefore subject to known and unknown risks, uncertainties, and other factors, and are not guarantees of future conduct, results, or policies. Please view the Cautionary Statement Regarding Forward-Looking Information on page 134 of PotlatchDeltic's 2022 ESG Report.

View additional multimedia and more ESG storytelling from PotlatchDeltic on 3blmedia.com.

Contact Info:
Spokesperson: PotlatchDeltic
Website: https://www.3blmedia.com/profiles/potlatchdeltic
Email: info@3blmedia.com

SOURCE: PotlatchDeltic

View the original press release on accesswire.com

FAQ

What was PotlatchDeltic's (PCH) employee turnover rate in 2023?

PotlatchDeltic's overall employee turnover rate in 2023 was 16%, with 72% of that being voluntary turnover.

How many new team members did PotlatchDeltic (PCH) hire in 2023?

PotlatchDeltic hired 224 new team members in 2023, with 49% in northern operations and 51% in southern operations.

What percentage of PotlatchDeltic's (PCH) new hires in 2023 were from underrepresented groups?

In 2023, 22% of PotlatchDeltic's new hires were female and 27% were underrepresented minorities.

What recruitment strategies does PotlatchDeltic (PCH) use to attract talent?

PotlatchDeltic uses job fairs, college career days, employee referrals, search firms, social media, and partnerships with local high schools and technical colleges to recruit talent.