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You Can Successfully Clear Your Year-End To-Do List

PeopleStrategy

HR can help engage and align employees with the organization’s purpose and values, which can positively impact an organization’s attraction and retention efforts. Employee bonuses and payroll. Any unused time off that can be paid out will need to be reviewed and added to the payroll, if applicable.

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Why employee retention is important in the construction industry

Homebase

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

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The 5 Primary Costs of Employee Turnover and How to Manage Them

Zenefits

Employee turnover is typical for most businesses. A high turnover rate deals damage from multiple angles, from the expense of recruiting and training new hires to the loss of institutional knowledge and a tarnished reputation. businesses lose an astounding $1 trillion annually due to voluntary turnover. Training and onboarding.

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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. Sign Up for the event. Simple and Secure for Employers Minimal change to payroll processes — DailyPay handles it all.

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Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. What Is a Retention Specialist Exactly?

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5 Challenges Human Resources Is Facing in 2022 — and How to Overcome Them

Zenefits

Staff retention. Employee turnover has risen dramatically over the last 2 years, primarily driven by: Pandemic-fueled changes in workplace expectations. According to HireVue , 55% of employers have reported higher turnover in 2022 than in 2021. Staff turnover is problematic in several significant ways. Automate payroll.

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How Can Payroll Become an Advantage for Your Company?

DailyPay

How DailyPay Works For payroll, a surprise is seldom welcomed. Deploying DailyPay doesn’t change your existing payroll processes or create unnecessary extra work for the payroll team once it’s implemented. Simple and Secure for Employers Minimal change to payroll processes — DailyPay handles it all.