The White House says higher wages help build a strong workforce and lower turnover, improving profitability over the long run.
Executives there have argued that higher morale, presumably in part because of better pay, leads to higher productivity and lower turnover.
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In a study last year, researchers at Concordia University found the potential benefits of workplace autonomy to include greater employee commitment, better performance, improved productivity and lower turnover.
Increasing the capacity year on year, handsets demanding more resources year on year, providing more support for more handsets year on year, and doing all this with lower turnover and shrinking per user revenue.
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Success in these three areas will yield significantly greater return on investment than outsized wage hikes in the form of improved development programs (which, in turn, yield more effective and capable local talent), higher employee engagement (results in more productive and motivated talent with lower turnover), and a more stable and capable local team.
Farmigo is making the CSA (community supported agriculture) model more sustainable and scaleable, which is no easy feat considering the challenges- high subscription turnover and lower rates of new technology adoption on the farm.
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Offering education, training and social supports, CVS Caremark has reported lower turnover rates and higher customer satisfaction as it builds a pool of pharmacy technicians, some of whom will go on to become pharmacists.
They also argue that because there are cases in which companies paying above-market wages reap offsetting gains in the form of lower turnover and greater worker loyalty, raising minimum wages will lead to similar gains.
The deeper answer is that, having more than trebled turnover and doubled profits from 1992 to a peak in 2001, Lorenzo Zambrano, Cemex's boss since 1985, has seen two years of stagnant turnover and far lower profits.
It then examines the current state of flexible work arrangements and discusses the economic benefits of workplace flexibility - such as reduced absenteeism, lower turnover, improved health of workers, and increased productivity.
Meanwhile, amid sequentially lower Provenge revenue and sales force turnover, Dendreon cut another 600 jobs and closed a New Jersey facility.
In fact, the Corporate Leadership Council reports that companies which enjoy high engagement rates have 87 percent lower staff turnover rates and 20 percent better performance.
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Lower turnover reduced training costs and improved both throughput and quality.
The Schwab no-load has a slightly lower expense ratio (35 basis points) and a higher turnover (27%).
It may reduce turnover, absenteeism, and union elections and as a result lower some costs, but it will not cause employees to be more productive.
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And the article acknowledges that changes like lower mandated hours are part of an attempt to reduce turnover, so perhaps absent regulatory or advocate pressures firms would be limiting hours anyway.
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