The DailyPay Blog

Employee Experience Trends In 2019

Over the last several years, there has been an abundance of coverage related to a tight labor market. With more jobs than qualified talent, organizations must find ways to differentiate themselves to attract new hires while simultaneously working to retain existing employees.

Specifically, 78% of HR leaders are more concerned about the talent shortage today than they were a year ago. Continue reading “Employee Experience Trends In 2019”

Case Study: How We Got Employees Access To Their Earned PAY Before Payday

The following article appeared in the January 15 issue of What’s Working in Human Resources and is a Q&A between the publication and Kym Cross, HRIS & data analysis director and Geoff Gerks, CHRO, of G4S Secure Solutions in West Palm Beach, FL. The article is reposted with permission from What’s Working in Human Resources, WhatsWorkinginHR.com, 1-800-220-5000.

Continue reading “Case Study: How We Got Employees Access To Their Earned PAY Before Payday”

Stellar Senior Living Partners With DailyPay To Improve Retention And Employee Engagement

Sometimes major payroll changes just aren’t possible, even when employees are requesting them. 

 

Such was the case for Stellar Senior Living, a family owned and operated company providing independent living, assisted living, and respite services across the Western United States. Continue reading “Stellar Senior Living Partners With DailyPay To Improve Retention And Employee Engagement”

Retail Turnover Rates In 2018

The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are some fleeting.

While the average turnover for all industries in the United States sits at around 15 percent, the average turnover rate in the retail industry is slightly above 60 percent, according to the National Retail Federation.

The unprecedentedly high turnover rate translates into more than 230 million days of lost productivity and $19 billion in costs associated with recruiting, hiring and training, according to Human Resources Today.

Continue reading “Retail Turnover Rates In 2018”

Hiring Trends – How Seasonal Recruitment Cycles Vary By Industry

In our previous article, we talked about surprising strategies that will help businesses recruit the best talent. In this article, we discuss the seasonal influence on hiring, and how understanding your recruitment cycle can make recruitment strategies even more effective.

 

As seasons change, so do recruiting and hiring patterns. By analyzing recruiting data, plenty of high-level observations can be made, like the primary hiring months across all business, which according to the Job Openings and Labor Turnover published by the Bureau of Labor Statistics (2018), happens during:

Continue reading “Hiring Trends – How Seasonal Recruitment Cycles Vary By Industry”

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 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”

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 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”

Turnover And Retention Rates for Millennials In The WorkPlace

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”