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According to the American Staffing Association, 80% of U.S. Further, skillsets for jobs have changed by around 25% since 2015, a figure that’s expected to double by 2027. Trend 5: Promoting career mobility Supporting workers as they learn new skills will be critical to business success in 2024.
The United States is experiencing a nursing shortage due to high turnover rates, chronic stress and an aging population. Another 610,388 RNs reported an “intent to leave” the workforce by 2027 due to the same reasons. EWA gives employees access to their earned pay before the traditional, scheduled payday.
And further annual adjustments after 2027 are dependent on increases to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Higher minimum wages also allow workers to focus on a single job (rather than multiple), decrease employee turnover, increase productivity, and bring more money into local economies.
That’s the spirit in the Big Quit environment, where employee retention is lauded as one of the biggest accomplishments of 2021 for many SMB employers. To think of it, the employee retention challenges faced by other companies have been big lessons for our business. Sally Stevens of FastPeopleSearch.io They also produce better output.
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