If you pay your employees competitively and focus on a healthy work atmosphere, then it’s easy to recruit all the talent you need, right? As it turns out, this is flawed logic. In most cases, it’s difficult to hire quality employees, even when the pay is decent and the atmosphere is warm. In today's world, it takes[...]
employee attrition, payment incentives, what employees want, bottom line, employee acquisition, hiring good employees, Recruiting
dontari poe, NFL, Philadelphia Eagles, Company Update, football, greengoblin, investors, jalen mills, Kansas City Chiefs, moneymills, poe man's dream
Blog post from Jason Lee, CEO of DailyPay, Inc.
employee attrition, Payroll, payroll costs, Employee Engagement, Employee Retention, payroll schedules
Payroll schedules need to toe the line between appeasing employees and doing what’s right for your company’s bottom line.
direct deposit, Payroll, reduce payroll, cost savings, how to save money in business, how to save money in payroll
The costs associated with payroll can really add up. From payroll materials, like paper checks, to the time dedicated to executing payroll, there are plenty of necessary expenses. But a company only has a handful of options to reduce fees.
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[...]
employee attrition, reducing call outs, top call out reasons, why do employees call out, Employee Engagement
Employers can expect their employees to call in sick from time to time. Sometimes the calls are legitimate, but other times they might be more of a stretch to believe. It turns out some excuses are better than others. It also seems that calling into work may be an industry-specific matter. Some companies are more[...]
reducing turnover, unemployment rate, Employee Retention, how to reduce turnover, labor market, Recruiting
The unemployment rate in the United States was at 4.5% in March 2017. This is the lowest it has been since Jan 1, 2001, according to historic data documented by the Bureau of Labor Statistics. During the same month, the BLS measured the labor force participation rate at 63.0%. This indicates the majority of[...]
employee attrition, how much does a call out cost, price of call out, reducing call outs, Employee Engagement
It is expected, by most employers, that their workers will miss a certain number of workdays each year. When employees begin to chalk up excessive absences, decreased productivity and morale - as well as an impact on a business's finances - become apparent.
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[...]
direct deposit, education, paper checks, Payroll, payroll costs, HR, payroll benefits
Why send a handwritten letter when you can shoot a quick e-mail or text message? That analogy may best describe the difference of processing paper checks versus direct deposit. More than being an outdated and time-consuming practice, writing paper check is a more costly process for many businesses.