Small businesses have notoriously high turnover rates due to factors like limited resources, less competitive salaries, and fewer opportunities for career growth. According to research by LinkedIn, small and mid-sized businesses (SMBs) have a turnover rate of 12%, which is much higher than the 9.9% turnover rate seen across enterprises. On top of this, the […]
Aside from ushering in a higher ROI, adopting workforce management software can promote team members’: Engagement Motivation Morale Efficiency Satisfaction Sense of purpose It’s critical to keep your team members engaged to retain top talent, which can be especially challenging in the job seeker’s market, propelled by the popularity of remote work. One worthwhile way […]
Employee retention is top of mind for many industries these days, but it’s especially important for organizations in the financial and professional services industry. According to LinkedIn, professional services – including the nation’s largest accounting firms – have a turnover rate of 13.4%, the highest of any industry. In comparison, the national average turnover rate […]
