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Why Home-Based Care Needs Regular HR Audits 

MP Wired For HR

Enhancing Recruitment and Retention The turnover rate for caregivers is alarmingly high, often exceeding 70% in some regions. This translates to significant costs for companies, with estimates suggesting each turnover can cost over $3,500 [Source].

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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

By incorporating workforce planning into financial models, organizations can predict costs related to hiring, training, and employee turnover, leading to more precise budgeting. Higher Employee Retention: Financial investments in employee development, guided by HR insights, can significantly enhance employee retention.

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Health Care Turnover Rates [2021 Update]

DailyPay

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. The turnover rate in the health care industry has risen nearly 5% — across all jobs in the industry — over the last decade. Retention Patterns In Health Care.

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

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? SHRM predicts the annual turnover rate to be close to 19%, and also assumes that the average cost-per-hire to fill a position at $4,129.

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Retail Turnover Rates In 2021

DailyPay

The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are seen coming and going so often. READ THE EBOOK.

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Increase Employee Retention to Offset Rising Labor Costs

DailyPay

Since being well-staffed remains a challenge in the industry, employers should focus on how they can enrich the employee experience, leading to higher retention rates. High turnover rates can significantly increase costs for healthcare employers. Increase Employee Retention to Overcome Rising Labor Costs. Get the infographic.

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How Financial Wellness Benefits can Tackle Staffing Shortages in Healthcare

DailyPay

A poll conducted by Morning Consult in September 2021 of 1000 healthcare workers indicated that of those represented, nearly one in five healthcare workers left their jobs during the pandemic. According to a 2021 study conducted by Mercer, healthcare staffing shortages will likely continue for the next five to 10 years. Get a Demo.