Employee Retention
Although studies on the cost of employee turnover are all over the board, some studies (such as by SHRM) predict that every time a business replaces a salaried employee, it costs 6 to 9 months' salary on average. For a manager making $40,000 a year, that's $20,000 to $30,000 in recruiting and training expenses!
Real estate and financial benefits are shown to keep employees around longer.
Studies show that home owners are wealthier, more satisfied in their jobs, and more settled than renters. Financial Wellness benefits create less financially-stressed employees, who in turn report higher job satisfaction and are more likely to feel their salary is keeping up with current trends.
Do you want a financially healthy, highly engaged workforce? Get in touch to learn more.