The DailyPay Blog

Employee Absenteeism: Ten Reasons Why Employees Miss Work

Employers can expect their employees to call in sick from time to time. Sometimes the calls are legitimate, but other times they might be more of a stretch to believe. It turns out some excuses are better than others. It also seems that calling into work may be an industry-specific matter. Some companies are more likely to fall victim of employee absenteeism than others.

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Employee Recruitment Strategies – Difficulty Hiring New Employees

The unemployment rate in the United States was at 4.5% in March 2017. This is the lowest it has been since Jan 1, 2001, according to historic data documented by the Bureau of Labor Statistics.  During the same month, the BLS measured the labor force participation rate at 63.0%. This indicates the majority of Americans participate in the labor force, and job opportunities abound.  

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How Employers Can Be Sympathetic to Financial Hardship

We’ve written about how the lack of financial security is a catalyst of increased turnover, absenteeism, and overall financial unwellness. It’s easy to read about financial insecurity and not link the struggles to the employees who work at your organization. But, it is more than likely a percentage of your workers are currently struggling to make ends meet.

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5 Reasons Why Employees Quit

Employee turnover is expensive, and in many industries, the cost of losing good workers is rising. Tight labor markets, and young employees job hopping at an increased rate are two proven contributors to turnover increases. Turnover is a meaningful expense for companies who constantly have to recruit new employees and bear the cost of that employee ramping up and becoming productive. According to Glassdoor, it took an average of 52 days and $4,000 to fill an open position in 2016. To keep workers engaged, employers must take special steps to ensure their employees are as productive as possible. For example, employers can implement employee listening strategies or they can promote financial wellness strategies amongst employees.

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Case Study: UCode Uses DailyPay To Improve Employee Retention

A leading provider of coding education for children improved employee retention using a instant payment strategy

 

UCode is the leading provider of coding education for children in California. Tens of thousands of kids have graduated from UCode’s programs and camps, which teach kids 5 years and older to code within a project-based curriculum.

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