Payday HCM Blog

7 Employee Retention Metrics and How to Use Them

Jan 11, 2024 10:17:31 AM / by Kristi Feist posted in Employee Retention Credit (ERC), Employee Experience, Employee Retention Metrics

On average, the total cost of hiring a new employee can be three to four times the position's salary. The true cost of hiring an employee goes beyond just paying their salary. It includes recruiting, training, and...

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Employee Retention Credit Qualifications: Do I Qualify for ERC?

Sep 14, 2022 10:40:07 AM / by Kristin Munson posted in Payroll, Employee Retention Credit (ERC), Tax Information

While many companies have already taken the financial advantage that ERC credits can provide, many still have not claimed the money they are owed. 

Of course, some companies may not qualify. However, MANY companies also...

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