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.
cost savings, Employee Engagement, loyalty
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[...]
rideshare, bottom line, Company Update, cost savings, Employee Engagement, Employee Retention
Blog post from Jason Lee, CEO of DailyPay, Inc.