1 minute read
Workforce Improve Employee Retention
Employee retention is more critical than ever for businesses that want to grow within the current market. Why? According to a survey by Deloitte, 29% of the restaurant and hospitality workforce switches jobs on an annual basis. This sobering study also documented a 2.4% increase in voluntary employee turnover, a record high in the U.S.
For many employers, voluntary turnover introduces hidden costs. Attracting and hiring top talent demands an initial investment of time and resources, in addition to training your new staff. Studies say that adapting can take an employee up to eight months of onboarding.
Meanwhile, Gallup reports employees who feel highly engaged are 87% less likely to leave an employer. Companies with great onboarding and training practices see 53% lower turnover rates. Delivering quality benefits can also reduce employee churn.
Engage a PEO to Minimize Turnover
For companies without a dedicated human resources team, it’s challenging to address workforce shortages in a significant way. That’s where a professional employer organization (PEO) can help. PEOs are designed to help small and midsize businesses thrive.
One of the leading PEOs in the country, Integrity Employee Leasing brings both the practical knowledge and longterm experience needed to make a difference for hospitality and restaurant clients. The highly credentialed, responsive team at Integrity has a proven track record for attracting talent, improving satisfaction, enhancing employee benefits and more. » Competitive Rates and Management » Specialized Reporting » Individual Employee Portals » Training for HR Managers » Job Cost Trends and Analysis » Employee Eligibility Verification » Employee Benefit Administration » State, Federal and EEO-1 Reporting
Could you benefit from partnering with Integrity Employee Leasing? Call (941) 621-9979 to discuss how comprehensive HR services could help address your workforce shortage. Learn more at IntegrityEL.com.
THE PERFECT RECIPE FOR EMPLOYEE RETENTION
In the hospitality industry, employee turnover rates often exceed 70%. It’s costly to fi nd, hire and train new talent, even when business is booming.
Our seasoned experts can increase retention and reduce attrition, leaving business owners free to craft the perfect summer experience for customers. Training for HR Managers Job Cost Trends & Analysis Enhanced Employee Benefi ts
