Netchex HR Blog

SEPTEMBER 11, 2024

Earned wage access (EWA) gives employees the choice to claim some of their income before the end of the pay period. Just like it sounds, earned wage access gives employees access to the funds they’ve already earned. Earned Wage Access is NOT the same as payday loans or paycheck advances.

Hiring Software 105

Hiring Software HR Software Wage and Hour Training Payroll 105

AIHR

OCTOBER 24, 2024

There are as many reasons for employee turnover as there are people who leave their jobs. This article explores some of the most common reasons for employee turnover and ways to prevent it. Contents What is employee turnover? Let’s get started!

Retention and Turnover 98

Retention and Turnover Hiring Software Interview Software How To 98

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 368

Wage and Hour Training Industry Visier Compensation 368

Empuls

SEPTEMBER 29, 2023

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. High attrition rates have long plagued the call center industry.

Hiring Software 40

Hiring Software HR Software Recruiting Software Staffing Software 40

Netchex HR Blog

JULY 10, 2024

In addition to negative effects on productivity, retention, and overall physical/mental health, a toxic work culture can even place a significant financial burden on your business. High turnover & absenteeism: High rates of employees leaving or being absent can signal cultural issues.

HR Software 101

HR Software Hiring Software Onboarding Software Recruiting Software 101

DailyPay

AUGUST 20, 2018

Turnover is difficult to manage in our current hiring landscape. If the frustration of high ASA drives employees to leave, you’re taking the hit on more than just the dollars and cents of turnover. The faster an agent answers a customer call, the higher service levels tend to be. According to IBM’s Smarter Workforce Institute.

Wage and Hour Training 52

Wage and Hour Training AI Recruiting Retention and Turnover Staffing Software 52

Extensis

JULY 24, 2024

Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. Today’s employees want more than just a fair paycheck—they also seek comprehensive benefits, well-being programs, and learning and development opportunities.

Hiring Software 105

Hiring Software Assessment Software HR Planning Planning Tools 105

Payactiv

JANUARY 21, 2022

We built this page with you in mind – use it as a learning tool, reference page, and more! Ongoing health concerns and typically high turnover rates are leaving thousands of senior care facilities understaffed and overworked. Read how partnering with Payactiv results in a significant increase in employee engagement and retention.

Industry 52

Industry Hiring Software Staffing Software Wage and Hour Training 52

Hppy

JULY 16, 2024

In the latest Aflac WorkForces Report, around 60% of employees surveyed said their manager cared about their well-being in 2021. The pandemic wasn’t just a health crisis but a wake-up call for the modern workplace. It laid bare the cracks in our work systems, revealing that one in four employees struggles with burnout.

Wellness 172

Wellness Company Wage and Hour Training Retention and Turnover 172

Payactiv

MARCH 22, 2022

We built this page with you in mind – use it as a learning tool, reference page, and more! The turnover rate near double creates the perfect storm. Download our whitepaper to learn about the 5 strategies that can help you hire. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting.

Industry 52

Industry Hiring Software Staffing Software Wage and Hour Training 52

UKG

MAY 24, 2023

A 300% increase in users of UKG Wallet , which offers earned wage access, budgeting tools, financial literacy and counseling, and peer-to-peer payments that UKG customers say is a significant recruitment and retention tool. The momentum across all areas of our business shows how important what we do is.”

HR Software 98

HR Software UKG Staffing Software Planning Tools 98

DailyPay

JUNE 10, 2019

Learn how you can enhance your employees’ pay experience. We run a biannual eNPS survey and found that U.S. So we started looking at ways to do that because, if we could figure out how to pay our employees daily, it would be a game changer for our recruiting and retention efforts. READ THE EBOOK. Why we chose DailyPay.

Wage and Hour Training 52

Wage and Hour Training Retention and Turnover Payroll CHRO 52

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 103

Assessment Software Interview Software Recruiting Software Planning Tools 103

HR Lineup

FEBRUARY 9, 2024

Some common payroll metrics include labor cost percentage, overtime percentage, turnover rate, absenteeism rate, and compliance with labor laws and regulations. Automated payroll systems can calculate wages, deductions, and taxes accurately, reducing the likelihood of errors and ensuring compliance with regulations.

Metrics 52

Metrics Payroll Staffing Software Wage and Hour Training 52

Hppy

FEBRUARY 2, 2018

If your employee retention rate is low and employee turnover is high, meaning that employees are jumping ship faster than you can hire new ones to replace them, there might be a reason. How do you know if you have an employee turnover issue? Also read: Keeping Millennial Workers: How to Improve Employee Retention.

Wage and Hour Training 155

Wage and Hour Training Retention and Turnover Sexual Harassment Harassment 155

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 195

Wage and Hour Training Visier How To Compensation 195

AIHR

NOVEMBER 1, 2024

An HR benchmark survey of over 2,000 small businesses showed that the fastest-growing companies were 20% more likely to embrace HR best practices. HR has evolved considerably in the past decades and continues to do so. What do HR best practices entail, and why are they so important? Contents What are HR best practices? strive for best fit).

HR Software 98

HR Software Hiring Software HR Planning Assessment Software 98

ExactHire

FEBRUARY 24, 2022

Even the most profit-focused executive understands the high cost of low retention. Elevate your training beyond a blurb in the handbook. Create a comprehensive anti-discrimination training plan using how-to videos and assessments to ensure understanding. Create additional, in-depth training programs for managers.

HR Planning 244

HR Planning Hiring Software HR Software Video Recruiting 244

HiBob

JULY 16, 2024

HR leaders often turn to learning management systems (LMS) to support their learning and development initiatives. An LMS can help streamline training, track progress, and enhance team member skills. You can calculate training cost savings if you know the average hourly wage of the team members and the number of hours saved.

Assessment Software 78

Assessment Software HR Software Hiring Software Onboarding Software 78

AIHR

OCTOBER 23, 2024

Learn more ESG and HR: What You Need To Know and Where To Start Key ESG metrics for HR leaders By tracking and analyzing key ESG metrics, HR leaders can play a major role in contributing to their company’s overall ESG efforts. Contents What are ESG metrics?

Metrics 98

Metrics HR Software Wage and Hour Training Assessment Software 98

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 135

Hiring Software Retention and Turnover Video Recruiting Recruiting Software 135

Business Management Daily

AUGUST 12, 2024

Their work ethic, experience, education, training, and skills add value to your business. Offering solid benefits and a compelling employer value proposition can help attract top talent and increase employee engagement and retention rates. Prioritizing EVP can solve many business challenges, such as recruiting difficulties or turnover.

Examples 105

Examples Wage and Hour Training Employer Branding Hiring Software 105

Best Money Moves

SEPTEMBER 15, 2021

For retention, reducing financial stress is key. Financial stress is a major but often overlooked factor to employee turnover. So, financial wellness initiatives can be invaluable retention tools. Turnover is a major problem for employers — and it’s getting worse. So, how can you increase employee retention?

Hiring Software 105

Hiring Software Retention and Turnover Wage and Hour Training Compliance Training 105

Semos Cloud

MARCH 9, 2023

In this blog post, we’re going to talk about the impact of employee recognition on retention and talent attraction. Category All, Best Practices How to Solve Hiring Problems in Manufacturing with Employee Recognition The state of the manufacturing workforce is changing faster than ever. In 1970, blue-collar jobs in the US were 31.2

Employee Recognition 52

Employee Recognition Hiring Software HR Software Hiring 52

Heyyy HR!

AUGUST 15, 2024

By leveraging their expertise, you can enhance productivity, decrease turnover, increase retention , increase revenue, improve your company branding, and create a positive workplace culture. As an HR consultant, your responsibilities may include recruiting, training, and advising on compliance with labor laws.

HR Planning 78

HR Planning Hiring Software HR Software Recruiting Software 78

Hppy

FEBRUARY 26, 2024

Many businesses , industries and sectors across the world struggle with employee retention, and it has become necessary to re-evaluate the relationship between employers and their staff members to try and reverse the trend. Travel insurance is also essential if employees are required to travel for their work.

Wage and Hour Training 195

Wage and Hour Training Bonuses and Incentives Compliance Training Onboarding 195

Affinity HR Group

NOVEMBER 11, 2021

In addition to a tight labor market and increasing wages , employers are dealing with employee “ bored out ” (chronic boredom leading to feeling totally meaningless) and “ the big quit ” (with 4 million people quitting their jobs in April 2021 alone), while also trying to balance client demands and the changing business environment.

Employee Engagement 52

Employee Engagement Video Recruiting Wage and Hour Training Time and Attendance 52

AIHR

APRIL 23, 2023

Investing finite resources into effective employee retention strategies will play a pivotal role in the success of your organization. Let’s explore why employee retention matters and the best employee retention strategies HR can implement in the business. Let’s explore why employee retention matters in more detail.

Retention and Turnover 111

Retention and Turnover Strategy Hiring Software Wage and Hour Training 111

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 119

Wage and Hour Training Strategy Hiring Software Retention and Turnover 119

EngagementMultiplier

JANUARY 5, 2022

Some organisations are learning the hard way that practices such as rescinding employees’ time off requests at the last minute and texting them on their scheduled days off (and insisting they come in or be fired) are not just a sure way to lose people. People are saying enough is enough.”

Wage and Hour Training 52

Wage and Hour Training Hiring Software Staffing Software Assessment Software 52

Workday

JUNE 29, 2022

Flexibility in the workplace is often discussed in the context of office location or work hours, but there’s another area where flexibility is catching on: when workers get paid. Also known as instant pay or early wage access, on-demand pay means workers can access their earned wages outside a scheduled pay cycle. and elsewhere.

HR Software 36

HR Software Staffing Software Onboarding Software Assessment Software 36

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 66

Employee Benefits Bonuses and Incentives HR Software HR Planning 66

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 104

Retention and Turnover Hiring Software HR Planning Onboarding Software 104

AIHR

FEBRUARY 9, 2022

So, how can you reduce new hire turnover in your business today? Contents What is new hire turnover? How do you calculate new hire turnover? How to reduce new hire turnover. What is new hire turnover? What is new hire turnover? Then, new hire turnover is also referred to as first-year turnover.

Video Recruiting 124

Video Recruiting Hiring Software Hiring Retention and Turnover 124

Empuls

JANUARY 14, 2022

The way we look at work has changed drastically – thanks to globalization, the powerful internet, artificial intelligence, and machine learning. The changing pace has left even the best organizations with no choice but to rethink their employee acquisition and retention strategies. What exactly is employee turnover?

Hiring Software 98

Hiring Software Retention and Turnover Onboarding Software Strategy 98

Clarity Wave

JANUARY 27, 2016

Employee Turnover: The Most Common Myths/Misconceptions Most businesses think about employee turnover only after it becomes a problem. Surveys report that as economic conditions continue to recover from the Great Recession more disengaged employees may seek to change jobs over the next year. 3) Managers Cannot Decrease Turnover.

Retention and Turnover 72

Retention and Turnover Wage and Hour Training Bonuses and Incentives Compliance Training 72

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. The recently-released Microsoft Work Index , a global survey of more than 31,000 employees, concluded that the workforce remains in transition. Yes, you read that correctly.

Wage and Hour Training 82

Wage and Hour Training Retention and Turnover Bonuses and Incentives eBook 82