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employee attrition, payroll costs, Cost of turnover, Employee Retention, employee turnover, Financial Security, financial wellness

How To Reduce Employee Turnover and the Cost of Turnover

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.

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Employee Retention, industry, employee retention rate, average retention rate

What Is The Average Employee Retention Rate by Industry?

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[...]

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retention, Turnover, bottom line, Employee Retention, employees quit

What Is Employee Retention and What Factors Contribute to It?

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%.

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Turnover, why do employees call out, why do employees quit, absenteeism, Employee Retention, engagement

I’ve Figured Out How to Reduce Employee Absenteeism and Turnover

Blog post by Jason Lee, CEO of DailyPay, Inc.

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uber, cleaning, Employee Engagement, Employee Retention, HR, hr trends, industry

What the Cleaning Industry Can Learn From …Uber?!

Uber is a pioneer in recruitment and labor management. In a few short years, they’ve been able to recruit 450,000 drivers in the United States alone, most of whom likely never considered driving a taxi for a living. When you take a look at Uber’s highly tactical recruiting strategy, one element stands out — PAY.[...]

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employee attrition, Payroll, payroll costs, Employee Engagement, Employee Retention, payroll schedules

Comparing Weekly and Biweekly Pay for Employees and Employers

Payroll schedules need to toe the line between appeasing employees and doing what’s right for your company’s bottom line.

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employee attrition, high turnover, reducing turnover rate, turnover rate, why do people quit, cost savings, Employee Retention

Four Industries That Have High Turnover Rates, and What To Do About It

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[...]

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reducing turnover, unemployment rate, Employee Retention, how to reduce turnover, labor market, Recruiting

Having Difficulty Recruiting Employees and Recruiting Talent? You're Not Alone.

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[...]

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DailyPay Now, Product Update, Turnover, Employee Retention, Financial Security, Instant Pay, Instant Payments

When Instant Means More than Just Convenience: DailyPay Now

Blog post by Jason Lee, CEO of DailyPay, Inc.

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employee attrition, Employee Retention, employee turnover, financial wellness, Financial Wellness Benefit

5 Reasons Why Employees Quit

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[...]

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Employees stay longer with DailyPay

DailyPay enables your employees to access their pay before payday, empowering them to meet their financial goals. Employees that find financial security at your company stay longer, reducing your turnover and improving bottom line profits.

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