Netchex HR Blog

SEPTEMBER 11, 2024

Earned wage access (EWA) gives employees the choice to claim some of their income before the end of the pay period. Just like it sounds, earned wage access gives employees access to the funds they’ve already earned. Earned Wage Access is NOT the same as payday loans or paycheck advances.

Hiring Software 103

Hiring Software HR Software Wage and Hour Training Payroll 103

Visier

AUGUST 4, 2021

Service industry workers were laid off en masse in 2020, but many who have come back are now voluntarily walking out the door again citing low pay and a lack of appreciation shown by employers. In April this year, the Bureau of Labor Statistics reported that four million people quit their jobs —the highest number since 2020.

Wage and Hour Training 195

Wage and Hour Training Visier How To Compensation 195

HRExecutive

JUNE 6, 2023

When Evolution was acquired by Aimbridge in 2017, he took on a series of benefits leadership positions, including director of benefits, director of total rewards and vice president of total rewards—before making a lateral move to his newly created, current position in May 2020.

Staffing Software 104

Staffing Software HR Software Hiring Software Recruiting Software 104

Payactiv

MARCH 22, 2022

We built this page with you in mind – use it as a learning tool, reference page, and more! The turnover rate near double creates the perfect storm. Download our whitepaper to learn about the 5 strategies that can help you hire. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting.

Industry 52

Industry Hiring Software Staffing Software Wage and Hour Training 52

Best Money Moves

SEPTEMBER 15, 2021

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?

Hiring Software 105

Hiring Software Retention and Turnover Wage and Hour Training Compliance Training 105

Visier

AUGUST 4, 2021

Service industry workers were laid off en masse in 2020, but many who have come back are now voluntarily walking out the door again citing low pay and a lack of appreciation shown by employers. In April this year, the Bureau of Labor Statistics reported that four million people quit their jobs —the highest number since 2020.

Wage and Hour Training 368

Wage and Hour Training Industry Visier Compensation 368

Sterling Check

APRIL 13, 2022

The January Job Openings and Labor Turnover Report notes that new job openings have surpassed last year’s by 897,000. Many people who were furloughed or laid off from leisure and hospitality jobs in 2020 migrated into roles in more stable industries. Travel began its rebound in 2021 and the momentum continues in 2022.

Hiring Software 70

Hiring Software Onboarding Software Staffing Software Recruiting Software 70

DailyPay

AUGUST 24, 2021

Recruiting, Retention and More: What QSR Operators Need to Know Now. Recruiting, Retention and More: What QSR Operators Need to Know Now. In an industry with turnover as high as 150%, QSR operators must continue to look for new ways to attract and retain top talent in a competitive labor market. I’m Jeanniey Walden.

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Video Recruiting Recruiting Software Hiring Software Recruitment 52

DailyPay

AUGUST 24, 2021

Recruiting, Retention and More: What QSR Operators Need to Know Now. Recruiting, Retention and More: What QSR Operators Need to Know Now. In an industry with turnover as high as 150%, QSR operators must continue to look for new ways to attract and retain top talent in a competitive labor market. I’m Jeanniey Walden.

Video Recruiting 52

Video Recruiting Recruiting Software Hiring Software Recruitment 52

DailyPay

FEBRUARY 16, 2023

High turnover rates can negatively impact the success of retailers. If retail employers have to constantly hire and train new staff members, this can hurt their bottom line and quality of customer service. Get the infographic Employee Retention Trends in Retail Retail employers continue to struggle with retaining talent.

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Retention and Turnover Wage and Hour Training Comparison Benchmarking 59

ExactHire

FEBRUARY 12, 2020

Low unemployment is especially crippling for industries that traditionally experience high turnover in hourly positions and/or with a contingent workforce. My gut tells me that many employers are open to the idea of hiring individuals from the justice involved community, but have historically avoided the opportunity for a variety of reasons.

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Aptitude Tests Background screening Hiring Software Hiring 162

EngagementMultiplier

MARCH 31, 2022

Whether you call it “The Great Resignation,” or “The Great Reshuffle,” one thing is clear – employers can expect to see continued turnover in their staff. According to the Microsoft study, In 2020, 17% of employees left their jobs, and that trend reached 18% in 2021. Yes, you read that correctly. Increase. .

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Wage and Hour Training Retention and Turnover Bonuses and Incentives eBook 82

DailyPay

MAY 26, 2023

Employee retention is a company’s ability to keep its employees year over year. Retention rate is calculated similarly to turnover rate , as a percentage by dividing the number of employees with one or more years of service by the number of people in those positions one year ago. Managers in the retail industry are 1.75

Retention and Turnover 52

Retention and Turnover Strategy Hiring Software Wage and Hour Training 52

Business Management Daily

DECEMBER 6, 2021

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. Allow telecommuting.

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Wage and Hour Training Strategy Hiring Software Retention and Turnover 119

Business Management Daily

JULY 9, 2024

A Big Mac combo costs more than a whole pizza, yet wages have remained suspiciously stagnant. Nobody wants to pay workers anymore “Act your wage” is the generational response to “nobody wants to work anymore.” That’s what it means to act your wage. And then there’s the job market. Well, maybe.

Wage and Hour Training 52

Wage and Hour Training Retention and Turnover Compensation Policies 52

Homebase

OCTOBER 4, 2022

The number of hours worked by restaurant employees in September 2022 is down relative to September of 2021, as well as September 2020, after a relatively robust spring and early summer. Hours worked. of 2020 (i.e., of 2020 (i.e., FedEx ’s CEO, for example, now expects a global recession. Stagflation?

Hiring Software 52

Hiring Software Wage and Hour Training Staffing Software Survey 52

Payactiv

SEPTEMBER 28, 2021

Increasing numbers of businesses are embracing flexible working practices and initiating employee rewards and benefits programs, appreciating the role they play in boosting employee engagement, and reducing levels of absenteeism and staff turnover. In 2020, there were 73.3 million hourly wage workers in the U.S.,

Wage and Hour Training 52

Wage and Hour Training PayActiv HR Software Retention and Turnover 52

MP Wired For HR

DECEMBER 5, 2023

The FLSA in a Nutshell Enacted by the United States congress in 1938, the primary goal of the FLSA is to protect the rights of workers by establishing certain basic labor standards including minimum wage, overtime pay, and child labor regulation. The FLSA also dictates strict recordkeeping requirements to track hours worked and wages paid.

Wage and Hour Training 78

Wage and Hour Training HR Software Recruiting Software Compliance 78

Payactiv

MARCH 22, 2022

Employee turnover rates are at an all-time high, which doesn’t bode well for businesses across all industries. In this article, we’ll spend some time understanding the concept of employee turnover, why it happens, and pre-emptive steps you can take to minimize it. What is Employee Turnover? The figures are pretty alarming.

Hiring Software 52

Hiring Software Wage and Hour Training Retention and Turnover Onboarding Software 52

Payactiv

MAY 4, 2022

Earned Wage Access (EWA), an innovative employee benefit program created by Payactiv, has been gaining attention and traction with each passing year. Let’s take a closer look at Earned Wage Access, understand what it is (and isn’t), and consider why it makes business sense to add it to your suite of employee benefits. It’s their money.

Wage and Hour Training 52

Wage and Hour Training HR Software Recruiting Software PayActiv 52

Precheck

OCTOBER 10, 2023

A pay transparency policy is any policy where information about wages and salaries is shared with employees. Stagnating wages, increased unionization, and self-reported wage tools have made people more open about what they earn. Census data from 2020 showed that women earn 83 cents for every dollar earned by Caucasian men.

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Wage and Hour Training Hiring Software HR Planning Retention and Turnover 100

Payactiv

JUNE 23, 2021

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. The numbers continue to inflate, the need to differentiate yourself from competitors is more important every year, and the cost associated with turnover can debilitate or even cripple a company. Costs add up fast.

Hiring Software 59

Hiring Software Staffing Software Onboarding Software Planning Tools 59

6Q

JULY 25, 2022

Today, employee retention is one of the most significant challenges plaguing many human resource departments. In addition to the wasted recruiting hours and training expenses, you should expend additional resources to fill the gap and train a new replacement. Recruiting the right talent is hard enough.

Retention and Turnover 104

Retention and Turnover Wage and Hour Training Hiring Software Interview Software 104

Payactiv

MAY 2, 2022

in April 2020, according to U.S. 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. percent, since February 2020. million fewer jobs filled than it did in the winter of 2020. Labor Statistics.

Industry 52

Industry Wage and Hour Training Hiring Software Bonuses and Incentives 52

Workday

JUNE 22, 2022

That’s why it’s essential for companies to have a strong employee retention strategy. That’s why it’s essential for companies to have a strong employee retention strategy. Talent Retention Is Topping Agendas. When employees are at risk of turnover, their level of engagement with the business will always decline.

Employee Engagement 36

Employee Engagement Retention and Turnover Hiring Software Onboarding Software 36

Cisive

OCTOBER 9, 2023

A pay transparency policy is any policy where information about wages and salaries is shared with employees. A growing number of states and cities are implementing pay disclosure laws that require wage ranges to be included in job advertisements. Pay transparency is becoming more common due to worker pressure and government action.

Wage and Hour Training 67

Wage and Hour Training Hiring Software Retention and Turnover Policies 67

Thrive Global

OCTOBER 27, 2022

It was a wonderful lesson to learn. More importantly, that was where I learned the importance of teamwork and building connections with your colleagues. Companies that invest in DEI will win the best talent in today’s candidate-driven market. W hen it comes to designing the future of work, one size fits none. Let’s zoom out.

Video Recruiting 36

Video Recruiting Hiring Software Staffing Software Recruiting Software 36

PlanSource

DECEMBER 11, 2019

They key to these programs is that the employer contributions are applied directly to the loan principal , which will help employees chip away at the balance and pay off their loans faster. While innovative, student loan debt repayment as an employee benefit might not make sense for every employer. Let’s dive in!

Employee Benefits 84

Employee Benefits Hiring Software Wage and Hour Training Video Recruiting 84

DailyPay

JUNE 16, 2020

Webinar Series. Evaluating On-Demand Pay Providers in the New Normal. Webinar Series. Evaluating On-Demand Pay Providers in the New Normal. COVID-19 has fundamentally altered every aspect of our lives. No matter what challenges every industry is facing, we all share one common opportunity: the chance to get things right this time.

Hiring Software 52

Hiring Software Staffing Software Assessment Software HR Software 52

Decusoft

NOVEMBER 19, 2021

Workers are turning their side hustles into full-time employment, battling a barrage of unpredictable school closures and online learning challenges, and switching career paths. . Both indicators are much lower than they were at the end of the February-April 2020 recession. Why are so many people quitting their jobs? in October.

Wage and Hour Training 98

Wage and Hour Training Retention and Turnover Compensation Industry 98

Payactiv

SEPTEMBER 17, 2020

843-981-8898 pr@benefitfocus.com Benefitfocus Adds PayActiv as Financial Wellness Partner On-demand access to earned wages helps improve workplace engagement, recruitment and retention Charleston, S.C. September 17, 2020 – Benefitfocus, Inc. PayActiv is an industry leading earned wage access (“EWA”) solution.

PayActiv 52

PayActiv Recruiting Software Planning Tools Wage and Hour Training 52

Analytics in HR

OCTOBER 11, 2021

This includes: boosting employee engagement, rewarding good work, increasing salaries and benefits, offering consistent schedules and guaranteed hours, and conducting more thorough exit interviews to understand challenges and what employees are actively seeking in an employer. Scheduling and workforce planning 4. Access to earned income 6.

HR Software 91

HR Software Hiring Software Planning Tools Wage and Hour Training 91

Payactiv

MARCH 31, 2022

In 2020, the industrial world faced a challenge, the likes of which it had never seen before. The demand for online shopping experienced a huge growth while more people lost their jobs at one time than people had previously imagined possible, creating a huge impact on the logistics industry. Why Is There a Labor Shortage?

Hiring Software 52

Hiring Software Employee Benefits Recruiting Software PayActiv 52

DailyPay

MAY 31, 2022

3 Regardless of the potential recession impacts, nearly half of restaurant operators cited recruitment and retention as top challenges for 2022. 4 To address this issue, 74% of restaurant operators plan to devote more resources to recruiting and retention. 1 However, this recession may not be as bad as previous recessions.

Wage and Hour Training 52

Wage and Hour Training Retention and Turnover Recruiting Software Planning Tools 52

Terryberry

JUNE 30, 2022

Companies scoring in the top 20% for their culture of recognition had turnover rates 31% lower. Either way, this phenomenon has left HR departments everywhere reconsidering their retention strategies – that is, the companies who want to remain competitive are. The Great Resignation Key Takeaways: 11.5 What is The Great Resignation?

Wage and Hour Training 98

Wage and Hour Training Retention and Turnover Hiring Software Interview Software 98

ClearCompany HRM

AUGUST 23, 2018

The latest and greatest #economic trends impacting the #workforce explained: According to the June Job Openings and Labor Turnover Survey , there were just shy of 6.7 What to do: If you want to solve the skills gap for your company specifically, start investing in training, goal-setting , performance metrics and learning.

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Trends Talent Experience Wage and Hour Training Hiring Software 256

Genesis HR Solutions

SEPTEMBER 11, 2023

At GenesisHR, we’ve seen a shift amongst many of our clients since 2020—clients have adapted to some sort of flexible work arrangement since 2020. The days of 9-5, on-site officing may not be obsolete, but they’re certainly no longer the only way organizations are getting work done. In 2023, Forbes data shows that 12.7%

Hiring Software 59

Hiring Software HR Software Recruiting Software Planning Tools 59