Employee Benefit News
According to data by Netspend, a financial services company, a third of hourly employees said they would switch their job in order to receive more comprehensive benefits. Losing employees, however, is costly. Employers spend 4 thousand dollars to replace and rehire. In an already difficult market, retaining employees is more important than ever and providing benefits to help employees feel more confident about their financial wellness is crucial in these retention efforts. How will employers boost their benefits offerings to help combat the Great Resignation?