Having happy employees is the key to a successful business.
Have you stopped to think about what your turnover rate is costing your company? If you are an employer, you know how important it is to keep valued employees around. However, if you are not a seasoned employer, you may not realize what that turnover rate costs you. (https://www.forbes.com/…/the-cost-of-turnover-can…/…)
Experts agree, calculating the turnover costs is something employers need to maintain. In turn, the results will make a business owner take more notice of valued employees. For example, studies predict that every time a business replaces a salaried employee, it costs 6 to 9 months’ salary on average. That’s a lot!
For your business to thrive in today’s economy, finding and retaining the best employees is vital. However, retention can be especially challenging for small businesses and nonprofit organizations to compete with larger businesses and larger budgets for top talent. Benefits play a significant role in employee retention. (https://www.forusall.com/401…/employee-retention-benefits/)
Advanced Payroll Solutions is here to help with this struggle by providing payroll, workers’ compensation, and benefit options; medical, dental, vision, short-term disability, and more.
Let APS help you retain the best employees for your business.