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How to Reduce the Average Retail Turnover Rate: 5 Proven Tips

Empuls

Employee turnover is one of the most important issues confronting retailers today. According to LinkedIn , the average retail turnover rate is one of the top turnover rates besides accommodation and entertainment. High churn rates have an impact on retail companies at all levels, affecting productivity, engagement, and satisfaction.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The evidence of the impact on engagement, attraction and retention is in the employer’s turnover rate, which is lower than the UK average, proving that it is a worthwhile initiative for it to do each year. We could bombard employees with information about their benefits, but we don’t. Offering choice is key,” he concludes.

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Wilson James ensures staff are aware of support available through voluntary benefits

Employee Benefits

Wilson James, a professional services and skilled labour firm for the security, logistics, aviation and technology sectors, has embedded raising awareness of its voluntary benefits provision from the very start of its employees’ career journeys, and even during the recruitment process.

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How to support employees’ health and wellbeing in the winter months

Employee Benefits

Employers can support employees suffering from seasonal affective disorder by rearranging the workplace to maximise natural light or enable them to sit near a window. There are many options available to employers to help support the wellbeing of their staff through the colder months.

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EXCLUSIVE: Enterprise Rent-A-Car and Centrica promote benefits to support financial wellbeing

Employee Benefits

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. Centrica focused on communication in order to increase employees’ engagement with the benefits they have.

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Kinleigh Folkard and Hayward gives staff one-off cost-of-living payment

Employee Benefits

KFH joins other employers in the property sector who have helped their workforce out financially. The post Kinleigh Folkard and Hayward gives staff one-off cost-of-living payment appeared first on Employee Benefits.

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How to target financial wellbeing support to employees

Employee Benefits

Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees. As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.

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