The U.S. economy has reached its lowest unemployment rate in 30 years.
Organizations are having a hard time with employee recruitment, due in large part to the United States experiencing a tight labor market. Starting in 2012, the rate of job openings surpassed the number of actual hires (as illustrated in the chart below) and has remained higher ever since.
Continue reading “The War For Talent: Daily Payments As An Employee Recruitment Tool”
Turnover has obvious impacts on your organization, like increased reliance on recruiting or lost productivity. The impact turnover has on a business owner has been covered a number of times. But, a less obvious inclusion in the cost of employee turnover might be the emotional implications employee turnover has on your workforce.
Continue reading “Why Employee Turnover is Also Bad For Your Employees”
In a new study by Future Workplace and Kronos, business leaders continue to express the importance of employee retention.
With low unemployment rates and high marketplace activity, the hiring landscape is competitive, to say the least. The Future Workplace and Kronos study suggests that 87% of employers said that improving retention is a critical priority for their organization.
Continue reading “Will Employee Retention Be An Issue in 2018?”
Employee benefits are anything offered to employees outside of their wages or salary.
Up until recently, benefits offerings were usually traditional. Most often, employees expect a “comprehensive benefits package” to include 401K, health insurance, dental insurance, vision insurance, life insurance, vacation time, and sick leave.
Recently, employers have realized that the range of benefits we offer to our employees is incredibly valuable. According to the Employment Confidence Survey by Glassdoor, about 60% of people report that benefits and perks are a major factor in considering whether to accept a job offer.
Continue reading “What Are The Best Benefits to Offer Your Employees?”
The importance of employee engagement can’t be overstated. In short, employee engagement directly affects a company’s bottom line.
Continue reading “The Three Levels of Employee Engagement and How They Impact Your Bottom Line”
Business owners in minimum wage industries face unique challenges that can be difficult to remedy – even when the struggles involve payday.
Continue reading “How Walmart’s Financial Wellness Program Will Change the Game”
Loyal employees are engaged employees. Engaged employees create better business outcomes than disengaged employees. These are facts.
Still, poll after poll suggests that employees are largely disengaged, and employers might not be doing enough to rectify the situation.
Continue reading “Will Employee Loyalty Behaviors Change in 2018?”
In the 2015 Employee Benefits: A Research Report from Society for Human Resource Management (SHRM), results indicated that modern workforces are gradually trying to reduce the accessibility of paycheck advances in the workplace.
Employee paycheck advances are an administrative burden. They are also high-risk for employers, constrict cash flow, and can prolong financial hardships for your employees.
Continue reading “What To Do If You Keep Getting Asked for Paycheck Advances”
How well do Americans manage money?
A recent Prudential report stated that 63% of Americans do not have a “rainy day fund” large enough to cover an unexpected expense of $500. And, 78% of people who participated in the Prudential survey said they don’t feel financially secure.
Continue reading “Are You Harming Your Business by Ignoring Your Employees’ Financial Wellness?”