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[...]
reducing turnover, unemployment rate, Employee Retention, how to reduce turnover, labor market, Recruiting
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 More than being an outdated and time-consuming practice, writing paper check is a more costly process for many businesses.
DailyPay Now, Product Update, Turnover, Employee Retention, Financial Security, Instant Pay, Instant Payments
Blog post by Jason Lee, CEO of DailyPay, Inc.
employee attrition, Employee Retention, employee turnover, financial wellness, Financial Wellness Benefit
Employee turnover is expensive, and in many industries, the cost of losing good workers is rising. Tight labor markets, and young employees job hopping at an increased rate are two proven contributors to turnover increases. Turnover is a meaningful expense for companies who constantly have to recruit new employees[...]
Employee Engagement, financial wellness, Financial Wellness Benefit
Financial issues are burdensome and distracting for everyone. In fact, when one of your employees is concerned about financial security, you lose them as an engaged employee.