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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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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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L&D: The Key to Success for Today’s SMBs

Extensis

From boosting employee retention rates to safeguarding against industry disruptions, here’s how L&D can benefit today’s SMBs, and how working with a PEO can simplify the process. 18% lower turnover rates in high-turnover organizations. 43% lower turnover rates in low-turnover organizations.

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Retention Roadmap: Ways to Reduce Talent Turnover in 2022 and Beyond

In this eBook, get actionable tips to keep your global employees happy, engaged, and productive. Download this eBook to learn: The importance of career paths for employees. So how can you retain your top talent while protecting your company’s best interests? How to cultivate a healthy company culture.

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How Financial Wellness Benefits can Tackle Staffing Shortages in Healthcare

DailyPay

4 In a 2022 release on patient safety concerns, ECRI reported healthcare staffing shortages as a top threat to patient safety, stating that patients are waiting longer for care—even in life-threatening emergencies—and sometimes even being turned away. Videos Attraction and Retention: What Can We All Learn From High Turnover Industries?

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Support Healthcare Staff to Address Employee Burnout

DailyPay

According to a 2022 study from PWC , financially stressed employees are three times as likely to feel a negative impact on their mental health due to money worries. According to a 2022 survey from Nurse.org , 77% of nurses feel unsupported at work and 84% feel they are underpaid.