In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at the healthcare industry.
The turnover rate in the healthcare industry has risen nearly 5% — across all jobs in the industry — over the last decade.
According to a study by National Healthcare Retention & RN Staffing Report, the average hospital turnover rate in 2017 was 18.2%, which is the highest recorded turnover in the industry for almost a decade. Since 2013, the average hospital turned over 85.2% of its workforce.
Continue reading “Healthcare Turnover Rates in 2018”
In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at employee turnover rates for hotels.
Hotels and motels may spend millions of dollars improving the customer experience, but still have a ways to go in improving their employee experience.
As a result of margin attention to employees, the Bureau of Labor Statistics estimates an annualized employee turnover rate of 73.8% in the hotel and motel industry. This figure is striking consider most HR experts agree a healthy turnover rate should actually be somewhere in the 10-15% range. Continue reading “Turnover And Retention Rates For Hotels And The Hospitality Industry”
In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee turnover rates. In this article, we take a closer look at generational retention rates, and how the millennial generation fulfills and defies their job hopper stereotype.
Continue reading “Turnover And Retention Rates for Millennials In The WorkPlace”
The holiday season brings a reliable rush of consumerism every year.
To cover the influx of business, many industries beef up their workforce to fulfill the demand. Seasonal hiring has been a part of the HR and recruiting workload for years, but with record-low unemployment, and record-high turnover rates, companies must compete more fiercely than ever for talent this holiday season.
Continue reading “The Hiring Landscape For The 2018 Holiday Season”
As one of the largest generational groups in U.S. history enters retirement age and beyond, caregivers are more in demand than ever. In order to keep up with the growing need, health facilities are reexamining the way they recruit and retain employees.
What does turnover look like in the caregiving industry and how are recruiting and retention practices evolving?
Continue reading “What Are Turnover And Retention Rates For The Caregiver Industry?”
The Atlantic recently wrote a series of articles about Americans’ financial instability and highlighted that nearly half of Americans would have a hard time coming up with $400 to cover a sudden expense.
Continue reading “How Daily Access To Earned PAY Can Help With Unexpected Expenses”
It’s no secret raising children is expensive.
The USDA’s ‘Cost of Raising a Child Calculator’ estimates a family will spend roughly $11,453 each year on their little bundle of joy when considering food, transportation, healthcare, education, clothing, and other basic necessities. Continue reading “How On-Demand Pay Can Help Employees Budget Expenses Better”
Recently, a story about Austin Wilson, a senior at the University of Kansas, circulated on the Internet.
As the story reads, Wilson needed $600 for rent in his new apartment, but he didn’t have the money. His money shortage wasn’t for lack of trying though.
Continue reading “How Do Employees Use DailyPay? Student Loan Repayments”
Staying up-to-date with compliance standards for contact centers is a priority for us here at DailyPay. After all, there are nearly 20 contact center organizations across the United States that now offer their employees DailyPay.
As such, it’s imperative we have insight—and foresight—into compliance and regulations so we can ensure our technology enhances the lives of our partners and their employees. Continue reading “Contact Center Compliance Lessons from 2018 PACE Washington Summit”
As we enter the fourth quarter of our fiscal business year, patterns for 2019 are starting to develop. How can we make next year more productive than this one?
Several trends for payroll process improvements and predictions were highlighted during National Payroll Week 2018.
Here is our recap of some of the most notable trends.
Continue reading “5 Takeaways from National Payroll Week 2018: Daily Payroll, Direct Deposit, Appreciating Payroll Managers”