Remove Career Development Remove PayActiv Remove Retention and Turnover
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Beyond the Minimum Wage: What Factors Drive Employee Turnover in Retail?

Payactiv

However, the retail industry is plagued by high turnover rates that exceed the average in other sectors. As of May 2024, the average employee turnover rate in the retail industry was 4.0% So, what’s fueling this high employee turnover in the retail industry, and what can retail employers do about it? compared to 3.4%

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How to retain employees in healthcare sector

Payactiv

HOSPITALS “By empowering our employees to improve their financial wellness, the Payactiv service helps us optimize productivity and provide excellent care to our patients.” Employee financial stress also negatively impacts the hospital because it typically results in lost productivity, absenteeism, accidents, and turnover.

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Early Signs of Flight Risk Employees and How To Handle Them

Payactiv

To avoid high levels of turnover and maintain a happy, motivated, and productive workforce, you need to spot flight-risk employees sooner rather than later. This includes gaining a comprehensive understanding of specific pain points, including personal concerns, compensation misalignment, or perceived lack of career development opportunities.

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How to Motivate Your Hourly Employees

Payactiv

Get to Know your Employees One of the quickest ways to develop a relationship with employees is by getting to know them. It will also help you understand the learning and retention abilities of employees. A resume-building workshop or a career development course can help employees prepare for the unknown.