I recently came across a LinkedIn article written by Martin Whittaker, CEO of JUST Capital, titled “What If Every Company Conducted An Employee Financial Distress Test?” In it, he spoke about a recent CNBC Squawk Box talk with PayPal CEO, Dan Schulman, who talked about initiatives that PayPay had recently[...]
what employees want, how to help employees, payroll benefits, Employee Experience, pay
reducing turnover rate, turnover rate, what employees want, employee benefits, Employee Retention, Employee Turnover, financial wellness, how to help employees, new benefits, Recruiting, reduce turnover, employee loyalty
To quote The Atlantic, “we are living in an Age of Peak Perk.”
If you want to attract top-tier talent and hold onto them, then offering competitive benefits that support overall happiness and well-being is an absolute must. Happy workers make for more successful companies. According to research, happy employees[...]
reducing turnover rate, turnover rate, wage growth, what employees want, Employee Retention, Employee Turnover, financial wellness, how to help employees, reduce turnover, employee loyalty
Hiring people is hard work, and it’s getting harder. The unemployment rate is extremely low (4.1%) and going down.
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[...]