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To combat high employee turnover, small businesses are taking steps to boost employee retention through benefits.More than 163,000 U.S. businesses have closed since the beginning of the pandemic, according to the last Yelp Economic Average report.
Over 1,000 small business owners revealed a 20% uptick in turnover rates over the past 12 months, according to a new survey from Principal Financial Group.
Almost all believe the pandemic impacted the turnover.Benefits are one way to recruit and retain top talent, yet small businesses often avoid offering employee benefits due to the cost.
When considering employee benefits, small businesses rank affordability (50%) and their ability to attract and retain employees (42%) as most important, according to the Principal Financial Group survey.“It’s encouraging to hear from so many business owners who are taking the time to better understand why their employees are leaving so they can proactively address these concerns for current and prospective workers,” Mark West, national vice president of business solutions for Principal, said in a release.
“We’re committed to working with employers to ensure we have benefit offerings that are targeted to their employee needs, especially as they evolve in the wake of COVID-19.”More than half of the small business owners served by Principal say they want to reward their key employees with more benefits.
Seventy-four percent have a plan in place to add voluntary benefits and 59% plan to add qualified retirement plans, according to the Principal data.Financial wellness benefits and HR and legal services are also in demand among small businesses.
The study offers a basic overview of the market share of Alkaline Battery, the competitive segment with a fundamental introduction of key suppliers, leading regions, types of products and end industries.
This report provides a historical overview, market dynamics, revenue, cost structure, growth, capacity, and key driver analysis for Alkaline Battery.
Different parameters are used to determine either the growth of global Alkaline Battery Market or the market decline.
Full report With TOC @ https://www.fastmr.com/report/28/alkaline-battery-marketCompetitive Analysis: This study will favor industry players as it will help them achieve competitive advantage over their rivals.The report also covers detailed competitive analysis of major market players of the global alkaline battery market, such as Duracell, Energizer Holdings, Panasonic Corporation, Toshiba, GP Batteries International Limited, FDK Corporation, Maxell Holdings Ltd., Sony, Samsung Electronics, Zhongyin (Ningbo) Battery and others prominent players.
For instance, on 24th May 2017, Panasonic Corporation introduced its powerline series of alkaline batteries in a whole new packaging in packs of 10 batteries.
This initiative was meant to offer more convenience to industrial customers since packs of 10 is more practical for both customers and distributors.Key Market Trends: This section presents in-depth analysis of the recent and future trends in the market.Market Forecasts: In terms of value and volume, the research analysts presented reliable and verified values of the overall market size.