Originally Published June 2000

Thomas R. Cutler

In medical technology manufacturing, the cost of recruiting and training a senior executive is in excess of $50,000. Retaining these employees in a tight job market is critical. One effective strategy for attracting and retaining quality employees in medical technology manufacturing is the adoption of enterprise resource planning (ERP) systems. In a comprehensive study of 369 executive-level medical technology manufacturers, more than two-thirds (68%) said that the use of an effective ERP software program results in improved job satisfaction ratings and increased employee retention (see Figure 1).

Figure 1. Importance of ERP manufacturing software to job retention among medical technology executives.