Business owners in minimum wage industries face unique challenges that can be difficult to remedy - even when the struggles involve payday.
Employee Engagement, employee loyalty
Loyal employees are engaged employees. Engaged employees create better business outcomes than disengaged employees. These are facts.
Recruiters have a difficult job. And in a tight labor market, the job becomes even more difficult.
In the whitepaper, see how we've proven the following:
In the 2015 Employee Benefits: A Research Report from Society for Human Resource Management (SHRM), results indicated that modern workforces are gradually trying to reduce the accessibility of paycheck advances in the workplace.
Recruiting can go awry in many different ways. Poor recruiting can mean hiring the wrong candidate. Worse, it can mean not finding a pool of candidates at all.
Financial Security, financial wellness, Financial Wellness Benefit
How well do Americans manage money?
A recent Prudential report stated that 63% of Americans do not have a “rainy day fund” large enough to cover an unexpected expense of $500. And, 78% of people who participated in the Prudential survey said they don’t feel financially secure.
Turnover, Cost of turnover, employee turnover
In short, yes.
The United States is experiencing a tight labor market, or in other words, there are more jobs than workers. This off-kilter job to employee ratio makes it difficult for companies to hire employees.
Employee Engagement, engagement, improve engagement
Most business owners know there are significant costs associated with ignoring employee engagement. Engagement directly correlates to productivity, and heading into the fourth quarter, extra effort may be the component you need to reach your year end-goals.