Preventing Turnover With Benefits #infographic

 Preventing Turnover With Benefits #infographic

Employee turnover is a costly issue for most businesses, and the cost is increasing. Only one retail worker can be replaced with an average of $4291, and global turnover costs are expected to rise by $80 billion next year. In a world where workers are on record for new jobs, how can employers counter losses?

The labor market is strong enough to give people who are not happy with their jobs and wages better opportunities. But what can you do if your business is unable to afford higher wages to keep people around?

When taking-away compensation alone is not enough to offer benefits, the solution to keep workers happy. Companies offering incentives have a significantly lower turnover rate than those that are unable to make substantial savings in replacing moving workers.

Read more about turnover consequences and how to prevent them below.

 Preventing Turnover With Benefits #infographic


infographic by: www.paycor.com

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