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How  Much Is Employee Turnover Costing You?

November 20, 2018

How much is employee turnover costing you? Between training and onboarding, cost of hiring and learning and development, the cost of a new hire can be staggering. After investing all of that time and money into a new employee, wouldn’t you want to keep them?

Statistics show that companies who enroll with a PEO service provider have a lower employee turnover rate. NAPEO statistics show that employees under a PEO are 6% less likely to leave their company within the next year. This compared to employees who operate under a non PEO structure. These studies show that PEO clients are much more likely to have a higher commitment to their staff. No surprise there as PEO’s like Synuity are notorious for saving their clients time, allowing them to put more focus back into their team and further develops their business.

Synuity provides tools such as their “Cost of Employee Turnover Calculator” to determine how much you could be saving if your employee retention rate increased. When working with Synuity they put all efforts into creating a more efficient business for you to conduct. Synuity can save you time by providing structured HR, payroll, and insurance and risk management all while containing costs.

Synuity wants to help you access medical, dental, disability, vision and more to give your team the best benefits. When cumulating employees of several small to medium size businesses, Synuity is able to create buying power normally typically limited to larger corporations. As the startup ecosystem grows in the Bay Area, PEOs are becoming a popular tool to for the distinct.

Think automated payments, onboarding, benefits admin, and more. Synuity operates to provide their clients; service, support and solutions to keep them focusing on their business. What’s more, they are currently offering interested parties a 90-day testing period at no cost to you. Synuity wants you to see for yourself as they are confident you will be asking yourself why you haven’t made the switch sooner.

For more information on the 90 day trial and product demos, click here.

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This post was written by Elevate, Inc.

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