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The hospitality industry is known for its vibrant energy, diverse workforce, and dynamic guest interactions. However, it also faces a persistent challenge: high employee turnover. With annual rates often exceeding 70%, retaining skilled staff is a pressing issue for hotels, restaurants, and other hospitality businesses. This problem affects not only operational efficiency but also guest satisfaction and profitability.
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The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!
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Working Lunch: This week's political podcast features an interview with Jonathan Gold of the National Retail Federation, who sees a need for better trade policy.
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