Hiring people is hard work, and it’s getting harder. The unemployment rate is extremely low (4.1%) and going down.
reducing turnover rate, Turnover, turnover rate, wage growth, what employees want, Employee Retention, financial wellness, how to help employees, reduce turnover, employee loyalty
turnover rate, wage growth, what employees want, absenteeism, financial wellness, how to help employees, improve engagement, employee loyalty
THE COSTS OF ABSENTEEISM
Employee absenteeism isn’t cheap. According to a study done by Circadian, absenteeism among hourly workers costs $2,660 per employee per year. For companies employing 500 hourly workers, that amounts to $1,330,000 per year in direct absenteeism costs.
employee attrition, how to help employees pay bills, Employee Engagement, how to help employees, how to help employees meet deadlines, paycheck to paycheck
We’ve written about how the lack of financial security is a catalyst of increased turnover, absenteeism, and overall financial unwellness. It’s easy to read about financial insecurity and not link the struggles to the employees who work at your organization. But, it is more than likely a percentage of your workers[...]