Great Resignation – Pair Review Compensation For Reduced Turnover Report Launch

Percival has released a new report stating that in April of 2021 an unprecedented number of employees started resigning from their positions and moved toward the food, health, and technology industries. Finding replacements for workers can be both difficult and highly expensive.

More information can be found at https://www.percival.live/post/dont-lose-your-employees-to-the-great-resignation

Percival’s “Don’t lose your employees to the Great Resignation” report informs that the high resignation rates increased further in July 2021, when over 4 million Americans quit their jobs. Statistics show that two months later 4.4 million resigned as well. This phenomenon is now referred to as ‘The Great Resignation’, which was greatly influenced by the current pandemic.

Due to declining wages and insufficient health benefits, workers’ satisfaction with their jobs began to decline as they were feeling exploited. The grand majority of employees that willingly left their jobs were between the ages of 30 and 45. On the other hand, major retail companies reached new heights in terms of profits during the pandemic, while their employees didn’t receive a fair share.

According to the report, it is critical that companies begin listening to what their employees need to make sure no worker is lost. Percival offers a unique tool that allows business employees to voice their opinions in terms of salaries, end-of-the-year bonuses, and project bonuses. This tool has demonstrated great success as Webgoal, an avid user of this solution, has reduced its employee turnover by over 66%.

With this tool, businesses will be able to establish salaries that their workers perceive as fair, which will boost their job satisfaction. Business owners will benefit from numerical results for each appraisal, and that data will help them determine what changes need to be made. Furthermore, all staff members will contribute to the evaluations.

The report shares that staff members will only need 15 minutes to give their feedback. With team-set wages, businesses will be able to establish bonuses and salaries that will keep employees happy and reduce turnover risk.

The author of the report stated: “Using our team set salaries methodology the results are not only fair, but the team members perceive them as fair. And if team members feel like they’re getting their fair share of the pie, they will feel grateful and stay in their jobs.”

Interested parties can find more information by visiting https://www.percival.live/post/dont-lose-your-employees-to-the-great-resignation

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COMTEX_434954847/2764/2023-06-13T09:04:57