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Increase Employee Retention to Offset Rising Labor Costs

DailyPay

How Financial Wellness Benefits can Tackle Staffing Shortages in Healthcare. We’re partnering with a company called Argyle to get your shift info from PayCom, your employer’s payroll provider. High turnover rates can significantly increase costs for healthcare employers. More in this Series. Let's get started. Let's get started.

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15 HR Analytics Case Studies with Business Impact

Analytics in HR

For this article, I have collected 15 of the best HR analytics case studies I’ve come across in the past two years. Each of these case studies are connected with a concrete business impact. For each case study, I will refer to their original publication. 15 HR Analytics Case Studies.

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How Financial Wellness Benefits can Tackle Staffing Shortages in Healthcare

DailyPay

When companies are short-staffed, employees are often overwhelmed and overworked. According to a 2021 study conducted by Mercer, healthcare staffing shortages will likely continue for the next five to 10 years. 7 Employee wellness improvements can include benefits, greater workplace flexibility and more financial wellness support.

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Why Your Business Should Focus on Employee Financial Wellness

DailyPay

Learn How Companies Use Earned Wage Access To Empower Employees and Lead Their Industries Companies are turning to earned wage access through DailyPay to improve employee retention and attract employees. These companies are becoming the employer of choice in their industry by empowering employees with earned wage access.

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What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

Attrition has always been expensive for companies, but in many industries, the cost of losing good workers is rising, thanks to increasingly tight labor markets. This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? Wholesale trade: 1.9%.

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Employee Wellness Benefits for Your Quick Service Restaurant Workers

Payactiv

Like many industries, QSR operators are feeling the impact of an ongoing labor shortage coupled with high turnover rates. It’s not surprising that the industry has a high turnover rate. One way to combat turnover is to improve aspects other than pay. For independent operators, that hourly reduction jumps to 7.5 hours per week.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities. Although the term “HR analytics” is widely used, there is a growing trend of referencing “ people analytics ” as well. Example: Annual employee turnover rate.)