Many small business owners assume that their company’s power in the labor market correlates with the unemployment rate and general state of the economy. During a hot labor market, characterized as a candidate’s market, they raise wages and shower candidates with gifts ranging from Moleskine notebooks to Swell water bottles. If it is an employer’s […]
According to the US Department of Labor and Statistics, turnover can cost an organization 33% of an employeeʼs total compensation including both salary and benefits. But the impact is not only financial it also affects employee morale. Therefore, it would be prudent for managers to focus on reducing turnover rates but in order to do […]
Immediate managers may be the cause for employees quitting.