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.
turnover rate, what employees want, bottom line, financial wellness, transparency, simplicity, financial literacy
Why are we talking about financial literacy?
"Employers don't do this to be nice," says [Bruce Elliott, manager of compensation and benefits at the Society for Human Resource Management]. "Employers that adapt will have a real edge." (CreditCards.com)
Profit & Loss is the bedrock of decision making in business.[...]
turnover rate, wage growth, what employees want, financial wellness, transparency, simplicity
Transparency and Simplicity: The Two Keys to Financial Wellness
turnover rate, wage growth, what employees want, generation z, millennials, text emoji
Instant gratification is a fact of daily life, and there's no denying we’ve gotten used to it.
turnover rate, wage growth, what employees want
News outlets are abuzz with wage boosts and bonuses from a few of the companies who most benefit from the recent tax cuts.
employee attrition, high turnover, reducing turnover rate, turnover rate, why do people quit, cost savings, Employee Retention
Businesses regularly aim for a 10% benchmark when it comes to employee turnover rates. Unfortunately, that figure is not always obtainable. In fact, sometimes turnover has to do with conditions beyond an employer's control - certain industries are inherently subject to high turnover rates. This means employers in[...]