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A diagram explaining the importance of financial wellness for employees, showing that it's an employer's responsibility, it can be supported in various ways, and that financially well employees are more motivated—making it a key employee retention strategy.

Reduce Turnover With an Employee Retention Strategy

Reduce Turnover With an Employee Retention Strategy In this Article What is an Employee Retention Strategy? Employee Retention by Industry On-Demand Pay Improves Employee Retention Strategy The Negative Impact of Low Employee Retention Common Methods to Improve an Employee Retention

Illustration of a person with pink hair using a smartphone, with hands juggling coins, a smiley face, stars, and a dollar sign nearby.

How Earned Wage Access Boosts Employee Retention and Reduces Turnover

Earned Wage Access: A Financial Wellness Benefit That Boosts Employee Retention Employee retention is a critical concern for businesses in today’s competitive market. The cost of turnover, including recruitment, training, and lost productivity, can significantly affect a company’s bottom line. 

Infographic titled "3 Ways To Reduce Employee Turnover" features arrows connecting three points: "Offer Competitive Compensation and Benefits," "Empower Employee Financial Wellness," and "Deliver Meaningful Rewards and Recognition.

How to Reduce the Employee Turnover Rate at Your Company

How to Reduce the Employee Turnover Rate at Your Company In this Article What is Employee Turnover? What are the Types of Employee Turnover? What is an Employee Turnover Rate? How to Calculate Your Employee Turnover Rate Causes of a

Illustration titled "Thought Leadership" with five light bulbs, one lit among four unlit. "dailypay" logo at the bottom.

6 Ways to Reduce Employee Turnover in 2023

Unlike any other year before, 2022 was challenging for many companies and their workforce. As we kick start the New Year, how do companies retain and engage their workforce in this period of uncertainty and fear? When it comes to

A calculator and a pen placed on a sheet of graph paper with handwritten notes outlining the employee turnover rate.

How to Reduce Employee Turnover Rates [2022 Update]

This post has been updated to reflect new data and trends in employee turnover. Learn how to address turnover in the restaurant/QSR industry and hospitality industry in our industry blog series Monitoring and calculating the true costs of employee turnover

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