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From Fleeting to Forever: Combating Quick Service Restaurant Turnover Rate

Payactiv

However, the industry is renowned for its extremely high turnover rate. As of May 2024, the average employee turnover rate in the restaurant industry was 5.5%, compared to 3.4% Calculating Your Restaurant’s Turnover Rate Before planning how to reduce your QSR’s turnover rate, you need to understand your current levels.

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Industry Insights: Senior Care

Payactiv

Welcome to our resource page for Senior Living Hiring! This page is set up to give you the latest information on what’s happening in the hiring market right now, as well as the trends senior living care businesses, are facing when it comes to hiring. G5 Senior Living Regional Sales Director Steve Wright. HIRING TIP.

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How American Senior Communities Reduced Turnover by 20% by Offering Payactiv

Payactiv

This webinar examines the importance of financial wellness benefits in improving hiring and retention strategies, with a specific focus on the impact of on-demand pay solutions. Watch Now The post How American Senior Communities Reduced Turnover by 20% by Offering Payactiv appeared first on Payactiv.

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How Payactiv Can Boost Satisfaction and Retention for Employees

Payactiv

You’d likely hope for an increase in yearly sales and profits. That’s because people who feel financially insecure are more stressed and less focused at work.Simultaneously, building employees’ financial well-being will help with retention and put you in a stronger position to keep the people you already have.

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Stand Out in the Hiring Process

Payactiv

Stand Out in the Hiring Process: The Benefit Your Essential Workers Actually Want. The people you hire are essential to your business and customers – and you are first in line to help your workers get a step ahead. You can improve recruitment and impact the daily lives of your workforce from day one with our Livelihood platform.

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National Customer Service Week: A Thank You to Those Who Answer The Call

Payactiv

Unsurprisingly, the call center industry also holds record rates of turnover when compared to nearly every other industry in the world. Such stress can be mitigated when employees get compensated adequately like sales positions do (another high-intensity position that many argue is just as stressful).

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What Does a High Turnover Rate Indicate for Your Business?

Payactiv

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? Then, multiply that figure by 100.