The DailyPay Blog

The War For Talent: Daily Payments As An Employee Recruitment Tool

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 marketStarting 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.

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Why Employee Turnover is Also Bad For Your Employees

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.

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Will Employee Retention Be An Issue in 2018?

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.

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What Are The Best Benefits to Offer Your Employees?

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.

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