AIHR

NOVEMBER 1, 2024

These best practices should be at the heart of every organization’s HR strategy and HR strategic plan and be applied to different HR functions , such as performance management, learning and development, and employee relations. HR has evolved considerably in the past decades and continues to do so. Contents What are HR best practices?

HR Software

Vantage Circle

OCTOBER 18, 2024

A McKinsey study discovered that the turnover rate in the retail industry is 70% higher than in other industries. Therefore, building a motivated and engaged team and improving retention must be a priority for retail businesses, especially as they tackle low engagement levels and high turnover. What drives them to leave?

Assessment Software

Payactiv

JULY 16, 2025

In many workplaces, employment has become purely transactional: “I give you hours, you give me money.” In many workplaces, employment has become purely transactional: “I give you hours, you give me money.” But today’s employees aren’t just working for wages. The reason? They need more. Measurable.

PayActiv

AIHR

OCTOBER 23, 2024

These investments are paying dividends, with one study showing that purpose-driven brands with a high perceived positive impact have experienced 175% in brand value growth over 12 years versus 70% for low perceived positive impact brands. Contents What are ESG metrics?

Metrics

Payactiv

NOVEMBER 20, 2024

In this article, we’ll deep dive into hospitality industry turnover and explore potential solutions to help employers navigate this challenging environment. Average Employee Turnover Rate in the Hospitality Industry The average turnover rate in the hospitality sector is currently 4.9% , compared to the average of 3.2%

Sexual Harassment

Payactiv

OCTOBER 3, 2024

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.

PayActiv

Empuls

SEPTEMBER 20, 2024

By offering well-structured rewards—whether monetary bonuses, recognition programs, or flexible work arrangements—companies can foster a positive work environment that drives employee satisfaction and retention. Implementing the right employee incentives can be a game-changer in creating a thriving and motivated workforce.

Bonuses and Incentives

Terryberry

JULY 19, 2024

Difference #1: Meaning & scope In middle school geometry, you learned that every rectangle is a square but every rectangle isn’t a square. High levels of employee satisfaction can lead to improved employee retention and reduced turnover. They both revolve around happy, productive employees, right? Not exactly.

Employee Engagement

Empuls

SEPTEMBER 26, 2024

  Studies have shown that organizations with highly engaged employees outperform those without by up to 202%, and those with low morale tend to suffer from high turnover rates and decreased productivity.   High morale doesn’t just benefit employees; it also boosts the company’s bottom line. 

Productivity

Bayzat

AUGUST 11, 2024

Benefits of Cloud-Based HR Systems on Employee Engagement A study by Gallup found that highly engaged teams have 21% higher profitability than teams with low engagement levels. Effective employee engagement cannot be overstated, as it is closely connected to job satisfaction, motivation, and, ultimately, the success of an organization.

HR Software

Empuls

AUGUST 30, 2024

According to studies, 60% of employees report that benefits and perks are a major factor in deciding whether to accept a job offer, and organizations with robust perks have 31% lower turnover rates.  The comprehensive benefits package helps keep Starbucks' retention above the industry average. 

Wage and Hour Training

Empuls

AUGUST 30, 2024

According to studies, 60% of employees report that benefits and perks are a major factor in deciding whether to accept a job offer, and organizations with robust perks have 31% lower turnover rates.  The comprehensive benefits package helps keep Starbucks' retention above the industry average. 

Wage and Hour Training

Payactiv

APRIL 10, 2025

Implementing cashless tips can enhance employee satisfaction, trust, and retention in industries reliant on tips. Restaurant Turnover Rates Remain High Turnover rates in the restaurant industry are notoriously high, often exceeding 70% annually. This is a significant driver in sky-high turnover rates.

Staffing Software

AIHR

APRIL 29, 2025

Whether its hiring talent that aligns with new business growth areas, building leadership capability, or driving initiatives that improve performance and retention, HR now shapes outcomes that matter to the bottom line. These activities feed into HR outcomes , such as higher employee engagement, reduced turnover, and increased skill levels.

HR Planning

Ben Eubanks

APRIL 18, 2025

According to nearly 10 years of gathering data in the market, we estimate that 5,000+ technology providers exist across the entire landscape of HR, talent, learning, and related categories. This isnt just about recruiting tools or just about learning systems. For more details on the program, please visit HRTechAwards.org to learn more.

HR Software

Empxtrack

DECEMBER 16, 2024

These are non-wage compensations provided to employees in addition to their regular salaries. The benefits include health insurance, retirement plans, paid time off, and wellness programs. They encourage loyalty Employees are more likely to stay with a company that values their needs, reducing costly turnover.

Employee Benefits

Recruiters Lineup

JUNE 24, 2025

Operational inefficiencies : High employee turnover, low morale, and misaligned leadership can derail performance. Compliance Risk These are legal risks related to violating labor laws, health and safety regulations, wage and hour rules, and anti-discrimination policies. Examples : Failing to pay overtime wages correctly.

HR Software

Hoops

APRIL 29, 2025

In today’s business climate, competitive salary benchmarking isn’t just a hiring tactic it’s a strategic lever for growth, retention, and operational efficiency. Are we risking profitability or turnover due to misaligned pay? Bureau of Labor Statistics (BLS) offers mean hourly wages by region and occupation.

Workforce Planning

HR Stacks Blog

JUNE 11, 2025

Beyond recruitment and training, the hidden costs of turnover can quietly erode productivity, morale, and institutional knowledge. Understanding the full scope of turnover costs is crucial for businesses aiming to maintain stability and growth. What Is Employee Turnover? Why Understanding The Cost Matters?

Retention and Turnover

Peoplebox

FEBRUARY 7, 2025

The numbers speak for themselves: employees who feel their mental health is harmed at work are: 37% more likely to take time off 18% less productive Make 60% more mistakes Even worse, many workers take time off just to avoid toxic environments. extra days off per month to escape it. So, what makes a great company culture?

Examples

Visier

AUGUST 4, 2021

Service industry workers were laid off en masse in 2020, but many who have come back are now voluntarily walking out the door again citing low pay and a lack of appreciation shown by employers. For the last 12 years, the federal minimum wage has stayed at just $7.25/hour, And the reasons? In simple terms: they are fed up.

Wage and Hour Training

Visier

AUGUST 4, 2021

Service industry workers were laid off en masse in 2020, but many who have come back are now voluntarily walking out the door again citing low pay and a lack of appreciation shown by employers. For the last 12 years, the federal minimum wage has stayed at just $7.25/hour, And the reasons? In simple terms: they are fed up.

Wage and Hour Training

HR Bartender

APRIL 16, 2017

Jones] Employee benefits are typically any additional non-wage compensation provided to the employee beyond their typical salary or hourly wage. They are used to help drive employee engagement and loyalty, as well as help reduce turnover. The many discount companies I speak to say no, but I thought you might have more advice.

Recruiting Software

Achievers

DECEMBER 14, 2017

Employee turnover is one of the most bottom line busting costs associated with a company’s workforce. While this number is certainly frightening, the good news is that turnover is an easily avoidable problem and with the right tools, your company can ensure that top talent is not leaving your company. Let’s jump right in…. Be Flexible.

Hiring Software

Hppy

MAY 6, 2024

Image by freepik What is Employee Turnover? Turnover rate refers to the rate at which employees leave and must be replaced with new staff. Employee turnover refers to the rate at which employees leave an organization and must be replaced, usually over an annual period. What causes Employee Turnover?

Retention and Turnover

Business Management Daily

DECEMBER 6, 2021

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. Allow telecommuting.

Wage and Hour Training

Rise

JUNE 13, 2019

” Employee turnover is costly. Turnover affects the performance of an organization, and it becomes increasingly difficult to manage as the competition for skilled employees continues to increase. If your organization shares this struggle, it’s time to re-evaluate your retention strategy. Work schedule flexibility.

Retention and Turnover

DailyPay

SEPTEMBER 13, 2018

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at the restaurant industry, which has a notoriously high turnover rate and low retention rate. WATCH THE WEBINAR.

Retention and Turnover

EngagementMultiplier

MARCH 31, 2022

Whether you call it “The Great Resignation,” or “The Great Reshuffle,” one thing is clear – employers can expect to see continued turnover in their staff. According to the Microsoft study, In 2020, 17% of employees left their jobs, and that trend reached 18% in 2021. Yes, you read that correctly. Increase. .

Wage and Hour Training

Payactiv

OCTOBER 10, 2024

However, the retail industry is plagued by high turnover rates that exceed the average in other sectors. As of May 2024, the average employee turnover rate in the retail industry was 4.0% As of May 2024, the average employee turnover rate in the retail industry was 4.0% compared to 3.4% compared to 3.4%

Hiring Software

Bonusly

APRIL 10, 2019

High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk. For example, companies often see a turnover spike in January.

Retention and Turnover

DailyPay

NOVEMBER 13, 2018

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at employee turnover rates for hotels. These findings also lead to actionable solutions that can help curb turnover issues.

Retention and Turnover

Terryberry

FEBRUARY 17, 2023

Employee retention has always been an area of interest among HR departments. Even today, as recession talk is everywhere and mass layoffs have already begun, voluntary turnover is still something to avoid whenever possible. That is – only if employers know what’s driving the turnover in the first place.

Wage and Hour Training

DailyPay

JULY 13, 2021

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.

Wage and Hour Training

AIHR

OCTOBER 27, 2023

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. HR uses compensation to attract top talent and boost retention rates.

Compensation

HR Shelf

SEPTEMBER 5, 2021

Employee turnover is quite a costly affair. When an employee quits, companies have to go through the hassle of finding a replacement, training them, and most importantly, they need to ensure that the new employee remains with the organization. What is employee retention? Why does employee retention matter to every company?

Retention and Turnover

DailyPay

FEBRUARY 16, 2023

High turnover rates can negatively impact the success of retailers. If retail employers have to constantly hire and train new staff members, this can hurt their bottom line and quality of customer service. Get the infographic Employee Retention Trends in Retail Retail employers continue to struggle with retaining talent.

Retention and Turnover