Hourly restaurant employees have a turnover rate of 114%. The Council of Hotel and Restaurant Trainers reports that replacing an hourly restaurant employee costs $2,225. It’s vital that restaurant owners, employers, and managers hire the right employees. Here’s how. Hire Engaged Employees Working in a restaurant can be one of the hardest jobs in the [...]
According to LinkedIn, the top 3 industries with the highest turnover are media and entertainment, retailer and consumer products, and technology software at number 1. Their turnover rate? A whopping 13.2%. But with the average software developer salary at over $100K, why the high turnover? Rising Compensation Technology experts are in the highest demand ever. [...]
Retail is among the top 5 industries with an incredibly high turnover rate. The turnover rate for part-time retail professionals is 67%, and 26% of retail employers report that their turnover costs have increased. On average, it costs $3,328 to recruit, hire, and train a $10/hr retail professional. Here are three tips for effectively recruiting [...]
When IKEA, the world’s largest furniture retailer, began expanding in Australia, they knew their new stores would need employees as soon as possible. Their recruiting campaign was much more creative than buying job listing space on recruiting websites. They sent job applications directly to their consumers. IKEA decided to create “career assembly instructions,” a clever [...]
During the first half of 2018, truck driver turnover was at a horrifying 98%. The freight and carrier industries were scrambling. However, through higher pay, turnover has decreased to 87%-- still high, but an incredible 11% difference! What Happened? The trucking industry tackled their extremely high turnover with higher pay, more than once sometimes, in [...]
