Power of the Pivot: Embracing Three Major Pandemic-Driven Trends Embracing new workforce dynamics to rebuild workforce stability and drive profitable growth

Financial insecurity is more pervasive than ever, and the cost to employers is significant.

  • Three in five (57%) hourly workers are financially insecure1
  • 150 hours of productivity are lost per employee each year due to financial stress2
  • Financial stress leads to costly turnover3, robbing employers of roughly one-third of each employees’ annual earnings4

The COVID-19 pandemic accelerated several key workforce trends, plunging staffing firms and employers into uncharted waters and forcing the industry to quickly pivot. But with change comes opportunity. Download the latest research showing and how 3 key workforce dynamics can drive profitable growth and rebuild workforce stability.

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1 Netspend Survey: Employee Health and Wellness, Survey of 1,000 U.S. adults, December 2020, pg. 5

2 Chicago Business Journal, April 2019, “Employees’ Money Worries Drain Employers’ Bottom Line” https://www.bizjournals.com/chicago/news/2019/04/15/employees-money-worries-drain-employers-bottom.html

3 Netspend Survey: Employee Health and Wellness, Survey of 1,000 U.S. adults, December 2020, pg. 38

4 SHRM, 2019, “To Have and To Hold”

 

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