From Jason Lee, Founder and CEO of DailyPay: the economy is growing, and so you need more workers. However, inflation isn’t keeping up, which means you can’t afford to pay them more. What can you do?
Monitoring and assigning a dollar figure to employee turnover is important for any business.
Researching the cost of turnover can be difficult because there are many qualitative and quantitative elements that go into determining the true cost of turnover for an organization. However, companies need to track employee turnover so they can look for and minimize causes of turnover, in part to protect their bottom line.
Blog post by Jason Lee, CEO of DailyPay, Inc.