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Infographic titled "3 Ways To Reduce Employee Turnover" features arrows connecting three points: "Offer Competitive Compensation and Benefits," "Empower Employee Financial Wellness," and "Deliver Meaningful Rewards and Recognition.

How to Reduce the Employee Turnover Rate at Your Company

How to Reduce the Employee Turnover Rate at Your Company In this Article What is Employee Turnover? What are the Types of Employee Turnover? What is an Employee Turnover Rate? How to Calculate Your Employee Turnover Rate Causes of a

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Healthcare Turnover Rates [2024 Update]

In the past five years, the average hospital turned over 106.6% of its workforce.1 The global workforce has been reshaped over the past few years, including the healthcare industry. According to the 2024 NSI National Healthcare Retention & RN

Employee Turnover Cost Savings Calculator

Employee Turnover Calculator Improve Employee Retention With On-Demand Pay If you’re looking to introduce a cost-effective benefit that improves employee retention through reduced employee turnover and supports employees’ financial wellness, look no further than on-demand pay. Discover how the DailyPay

A calculator and a pen placed on a sheet of graph paper with handwritten notes outlining the employee turnover rate.

How to Reduce Employee Turnover Rates [2022 Update]

This post has been updated to reflect new data and trends in employee turnover. Learn how to address turnover in the restaurant/QSR industry and hospitality industry in our industry blog series Monitoring and calculating the true costs of employee turnover

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Retail Turnover Rates In 2024

High turnover rates in the retail industry can hinder success and outstanding customer service. Turnover disrupts the quality of service, adds expenses to a business’s bottom line, and can impact overall workplace morale.  As of February 2024, the average total

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

In some industries though, a ‘healthy’ employee turnover rate is never 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 these industries

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Turnover And Retention Rates for QSR Businesses

In our previous article, we discussed employee retention rates by industry and looked at which industries have the best and worst employee retention rates. In this article, we’ll take a look at the turnover rate across the restaurant industry.  A

A diagram explaining the importance of financial wellness for employees, showing that it's an employer's responsibility, it can be supported in various ways, and that financially well employees are more motivated—making it a key employee retention strategy.

Reduce Turnover With an Employee Retention Strategy

Reduce Turnover With an Employee Retention Strategy In this Article What is an Employee Retention Strategy? Employee Retention by Industry On-Demand Pay Improves Employee Retention Strategy The Negative Impact of Low Employee Retention Common Methods to Improve an Employee Retention

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Why Employee Turnover is Also Bad For Your Employees

Employee turnover negatively impacts your organization through high costs and lower productivity.1 Monitoring and calculating the true costs of employee turnover is an important mission for any business.  However, fully understanding turnover costs can be difficult, since many qualitative and

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