The Cost of Replacing an Employee and the Role of Financial Wellness

"The stronger hiring climate today means employees who don't feel well compensated may be more willing to look for a new, better-paying job," said Robert Half senior executive director Paul McDonald. "Managers should regularly benchmark salaries against those of other companies in their region and industry to ensure they are at or above market standards. While many factors contribute to turnover, competitive pay and benefits can be the difference when it comes to retaining skilled talent."
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