Find out how improving financial wellness can help businesses retain employees and reduce turnover rates in hospitality and retail industries.
At All Gravy, we're dedicated to positively impacting people's lives. One of the most common issues faced by shift workers is financial stress, which can lead to insurmountable debt and other financial problems. We're proud to be addressing these challenges one employee at a time by providing financial wellness tools and resources through our app.
Financial wellness programs don't just benefit employees - employers can also see improved business outcomes, including higher employee retention rates and increased productivity. Studies have shown that employees who have access to financial wellness programs are more likely to stay with their current employer. In fact, on average, employees who receive financial education and support work 20% more shifts and are 15% more likely to stay with their current employer.
In the hospitality and retail industries, where employee turnover rates are notoriously high, improving financial wellness can be a key factor in retaining talented employees. By providing financial education and resources, employers can help their employees better manage their finances and reduce financial stress, leading to a happier, more engaged workforce.
At All Gravy, we're passionate about making working lives better for shift workers. We believe that improving financial wellness is a crucial step in achieving that goal. By providing our users with financial tools and resources, we hope to alleviate some of the stress that comes with managing finances as a shift worker.
If you're looking to improve employee retention rates and create a happier, more productive workforce, consider implementing financial wellness programs. By investing in your employees' financial wellbeing, you're not only doing something good for them, but you're also doing something good for your business. And at All Gravy, we're proud to be at the forefront of this movement to improve the lives of shift workers.