Employee Turnover Guide
Turnover: What’s Causing It & How to Solve It
An estimated 41 million people voluntarily quit their jobs in 2018, up 8% from 2017. That number is predicted to jump to 47 million, or roughly 1 in 3 workers, in 2020*.
No one can afford to lose a third of their workforce, especially when it costs an average $4,129 to replace just one employee (according to SHRM). Which makes accurately tracking the true cost of turnover so important— it may be more or less than you think.
Tracking turnover can help HR and finance leaders understand root causes, estimate the cost-to-hire and plan for the ebb and flow of growth.
Download our latest turnover guide to discover:
- Why employees leave
- The negative effects of turnover
- Best practices to decrease turnover (and how Paycor can help!)
Source: Work Institute
Replacing Employees Is Expensive
Fight turnover by downloading this guide!
Buyer's Guide To HCM And Payroll Technology
An HCM platform is the foundation of your business, and choosing the technology is one of the most important decisions you'll make.
Get ExpertiseMore to Discover
What is a W-4 Form?
What is a W-4 Form? W-4 forms are essentially very basic tax returns filled out by employees. Specifically, it tells employers the correct amount of tax to withhold from the employee’s paycheck. Need a W-4 Form? Download it here. Why are W-4s important? The accuracy of an employee’s W-4 submission will determine the size of their tax refund (or bill) at the end of the year. The amount withheld should be as close as possible to their actual tax obligation—a big deficit can be an unwelcome surprise and may be accompanied by further penalties. Withholding more than necessary is considered by some employees as an easy way to save but, while refunds may seem like a nice treat, you are taking away the chance for employees to invest (or use)...
W-2 Employer Responsibilities
What is a W-2 Form? W-2 forms are an important part of employees’ tax filings, listing all wages and salary paid along with the amounts withheld for taxes and benefits. W-2 forms include information about your business and employee details along with how much employees earn (including tip income), how much they withhold for tax (as specified on their W-4 form) plus social security and Medicare contributions, also factoring in retirement and special benefits plans. A W-2 form is required for all employees. However, for independent contractors, for whom taxes are not withheld, an employer is required instead to submit a 1099-MISC form, which simply reports payments. (Here’s how to figure out whether someone is an employee or an independent...
How to Build Effective Teams - Infographic
Paycor asked more than 1,000 leaders of medium & small businesses what makes teamwork work. What they said may surprise you. Check out our infographic for the highlights.Share this Infographic On Your SitePlease include attribution to https://www.paycor.com with this graphic.