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Industry Insights: Healthcare

Payactiv

The turnover rate near double creates the perfect storm. Download our whitepaper to learn about the 5 strategies that can help you hire. Download Now. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting. in 2020 was 51 years old. Hiring is a multi-layered process.

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For Retention, Reducing Financial Stress is Key

Best Money Moves

For retention, reducing financial stress is key. Financial stress is a major but often overlooked factor to employee turnover. So, financial wellness initiatives can be invaluable retention tools. Turnover is a major problem for employers — and it’s getting worse. So, how can you increase employee retention?

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Industry Insights: Hospitality

Payactiv

in April 2020, according to U.S. Download Now. The AHLA estimates that the industry’s revenue will be $110 billion , up from 2020’s revenue of $85 billion. in April 2020 *. percent, since February 2020. Consequently, to attract new employees, hospitality industry players are forced to increase wages.

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Sentiment analysis: from the consumer world to the workplace

cipHR

This could be in response to a new policy or a change in employee benefits, or to give a general feel for where the workplace culture is heading. The Covid crisis has also underscored the importance of listening tools, according to Patrick Cournoyer, chief evangelist at employee engagement company Peakon.

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What No One Tells You About Employee Incentive Programs

Vantage Circle

Even amidst the global economic crisis of 2020, nothing could stop them from job-hopping. According to a report by IBM, 1 in 5 employees voluntarily switched jobs in mid-2020. Understanding the employees and the job market can be the initial steps to learning the difference between an average team and a winning one.

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4 Ways Financial Wellness Can Boost Employee Retention

Best Money Moves

4 ways financial wellness can boost employee retention. Retention is an increasing problem in the post-COVID workforce. Financial wellness benefits could be the solution employers need. . In the post-COVID world, retention is an increasingly complex problem that organizations are struggling to solve. .

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Prioritize Employee Benefits During Inflation in Restaurants and QSRs

DailyPay

2 QSR and restaurant employees are dealing with the effects of inflation both at work and in their personal lives. If employees are overwhelmed with financial stress, this may impact them at work, potentially resulting in poor customer service or decreased morale. . Download Infographic. Support Employees’ Wellbeing .