Companies have experienced explosive growth overall in recent years, as evidenced by the increasing amount of payrolls reported in the US last month. But, this growth is a two-edged sword. What’s the danger?
retention, Turnover, dial america, press released, Press Releases, call center
DailyPay Announces Partnership with DialAmerica
employee attrition, payroll costs, Cost of turnover, Employee Retention, employee turnover, Financial Security, financial wellness
Monitoring and assigning a dollar figure to turnover is important for any business. Companies need to track employee turnover so they can look for and minimize causes of turnover, in part to protect their bottom line.
tight, tight market, wage growth, hiring, hr trends, job market
Blog post from Jason Lee, CEO of DailyPay, Inc.
cost savings, Employee Engagement, loyalty
Employee loyalty is more important than ever. The current labor market is considered uncomfortably tight - a situation that creates an excess need for workers. This makes it difficult to hire for open positions and makes it increasingly expensive to lose valued employees.
employee benefits, hr trends, new benefits
New dynamics in a modern workforce mean new employee expectations for benefits and perks. These new employee benefits requests are unlike a typical portfolio filled with standard PTO, healthcare and retirement options. 2017 is all about harmony and customization.
employee loans, financial wellness, payday loans
Financial insecurity can be a productivity killer. Employers who offer empathy toward employees in need of financial assistance can boost employee loyalty and overall workplace engagement.
Employee Retention, industry, employee retention rate, average retention rate
Attrition has always been expensive for companies, but in many industries, the cost of losing good workers is rising, thanks to increasingly tight labor markets. This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the[...]
retention, Turnover, bottom line, Employee Retention, employees quit
Employee retention refers to an organization’s ability to keep its employees. Employee retention is usually represented as a percentage. For example, an annual retention rate of 80% indicates an organization kept 80% of its employees that year and lost 20%.
employee loans, paycheck advance, payday loan, Payroll, retention, Turnover, HR
Financial emergencies arise in all of our lives. From an unexpected medical payment to an auto emergency, if you're unprepared for these “surprises”, they can be stressful.