Did you know that employee turnover costs U.S. companies an estimated $600 billion annually? That’s right, reducing employee turnover is crucial for organizations to maintain stability and productivity while minimizing costs and talent gaps. Employee retention is a complex challenge […]
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Did you know that nearly half of all employees leave their jobs within the first year? That’s right, according to recent studies, an alarming 46% of new hires decide to seek opportunities elsewhere shortly after joining a company. This turnover
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Did you know that the Employee Retention Credit (ERC) offers Checkers and Rally’s franchise restaurant owners a tax credit of up to $26,000 per employee for wages paid during the pandemic years of 2020 and 2021? This credit, established by
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Did you know that the COVID-19 pandemic has unleashed a potential “turnover tsunami” in the workforce? As businesses grapple with the aftermath of the pandemic, they face the daunting task of retaining their employees in a highly competitive job market.
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Employee retention is a critical concern for organizations of all sizes. High turnover rates can lead to lost productivity, increased recruitment and training costs, and a negative impact on workplace culture. To address this issue, companies are increasingly turning to
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Did you know that a staggering 35% of employees consider switching jobs within the next year? Employee retention has become a pressing concern for businesses of all sizes, as losing valuable talent can have a significant impact on productivity, morale,
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Did you know that purpose-driven millennials will make up 75% of the workforce by 2025? With this staggering statistic, it becomes clear that attracting and retaining top talent is more important than ever for businesses in today’s competitive landscape. Hiring
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Did you know that organizations with strong learning cultures experience employee retention rates that rise by 30-50%? Employee training plays a crucial role in keeping your employees engaged, satisfied, and loyal. Investing in training not only develops their skills but
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Employee retention is a critical concern for companies, as high turnover rates can significantly impact their bottom line. In fact, studies have shown that the average company loses up to $2.6 million annually for every 100 employees due to turnover.
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Did you know that eligible employers can receive up to $5,000 per employee in employee retention tax credits? If you’re an accountant or tax professional, navigating the complexities of the Employee Retention Credit (ERC) can be challenging. To assist you
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