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The Cost of Replacing an Employee In Business

Payactiv

Some retire or move to another part of the country. Recruitment Costs The price of finding the right person to hire can quickly add up. Recent research revealed that: More than half of organizations increased their recruitment efforts in 2024. One in four organizations say they receive too few applicants for open roles.

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Cost of Replacing Employees In Business

Payactiv

Some retire or move to another part of the country. Recruitment Costs. These costs can include the man-hours that your internal recruiter puts into the candidate search (writing job descriptions, screening resumes, scheduling and attending interviews, and doing background and reference checks, to name a few.).

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How Employee Financial Wellness Benefits Your Bottom Line

Payactiv

Companies that offer financial wellness programs are more likely to retain their employees, thereby avoiding unnecessary expenditures on recruitment and training and the loss of skills and institutional knowledge that is difficult to recover. This can include training on debt management, retirement planning, and investment strategies.

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Work Your Way: How a Flexible Culture Can Keep Your Employees Happy and Productive

Payactiv

Companies that offer financial wellness programs are more likely to retain their employees, which avoids unnecessary expenditure on recruitment and training and the unrecoverable loss of skills and institutional knowledge. Payactiv will not be liable for any errors or omissions in this information nor for the availability of this information.