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reducing turnover rate, Turnover, turnover rate, wage growth, what employees want, Employee Retention, financial wellness, how to help employees, reduce turnover, employee loyalty

Getting to the Root of Employee Retention

Hiring people is hard work, and it’s getting harder. The unemployment rate is extremely low (4.1%) and going down.

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turnover rate, wage growth, what employees want, absenteeism, financial wellness, how to help employees, improve engagement, employee loyalty

The 8 Kinds of Absenteeism (and How to Fix Them)

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.

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turnover rate, what employees want, bottom line, financial wellness, transparency, simplicity, financial literacy

Invest in Your Bottom Line: Financial Wellness in the Workplace

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.[...]

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turnover rate, wage growth, what employees want, financial wellness, transparency, simplicity

Why We Do Things the Way We Do

Transparency and Simplicity:  The Two Keys to Financial Wellness

 

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turnover rate, wage growth, what employees want, generation z, millennials, text emoji

Daily Pay: Mandatory for Employers of Millennials and Gen Z

Instant gratification is a fact of daily life, and there's no denying we’ve gotten used to it.

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turnover rate, wage growth, what employees want

Should You Raise Wages, Offer Bonuses, or Give Daily Payments?

News outlets are abuzz with wage boosts and bonuses from a few of the companies who most benefit from the recent tax cuts.

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employee attrition, high turnover, reducing turnover rate, turnover rate, why do people quit, cost savings, Employee Retention

Four Industries That Have High Turnover Rates, and What To Do About It

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[...]

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Employees stay longer with DailyPay

DailyPay enables your employees to access their pay before payday, empowering them to meet their financial goals. Employees that find financial security at your company stay longer, reducing your turnover and improving bottom line profits.

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