A Quote by Tom Perez

Companies are recognizing that paid leave reduces training and turnover costs, that it's a formula for recruiting and retaining good workers. — © Tom Perez
Companies are recognizing that paid leave reduces training and turnover costs, that it's a formula for recruiting and retaining good workers.
When workers make more money, they respond by being more productive in their jobs and are less likely to leave, reducing turnover costs. This puts money in business' pockets, and workers also then have more money to spend in the local economy.
We have seen numerous instances in which American businesses have brought in foreign skilled workers after having laid off skilled American workers, simply because they can get the foreign workers more cheaply. It has become a major means of circumventing the costs of paying skilled American workers or the costs of training them.
Cutting tax credits for education and training will result in more Americans working at minimum-wage jobs while U.S. companies go begging for the higher-paid skilled workers they need.
Continued focus on (employee) turnover is of critical importance, because of the direct relation of turnover to improvements in labor costs and guest satisfaction.
I think what's happening is companies are trying to maximize shareholder value and I think they realized that if they could hire more effectively, they would. What I'm suggesting, though, is that human resources departments in most companies have become so detached - have become such a bureaucracy - that they have become clueless. They don't realize that the processes they have put in place have very little to do with recruiting, retaining and bringing on talent.
Firms gain comparative advantage from how good their people are. Retaining and attracting talent is a key point of competitive advantage in the global economy. We are seeing that play out, and there are implications for Australia, too. The idea that companies now compete on who can pay their workers the lowest - that's all changing.
We're the only developed country in the world that doesn't have paid maternity leave. Paternity leave is just as important. Paid family medical leave so that you can take care of a parent, a child, a grandparent, whatever you need to do. I think we're shortsighted when we don't invest in our employees as companies, and as an economy, because we invest in them and they invest back in us.
Commissions add up, taxes are a big drag, margin ain't cheap. A good accountant costs money as well. The math on this one is obvious, yet investors often fail to recognize it: Keep your costs low and your turnover lower, and you will win in the end.
The private sector is the innovation engine of our economy, and more private-sector businesses and organizations than ever are recognizing that training, promoting, and retaining women is essential to their continued competitiveness - and their bottom line.
Any movement at all that reduces disease, that reduces overdoses, that reduces property crime, that reduces violent crime, is good.
All working parents should have paid family leave. That's one of many reasons I'm working to elect Hillary Clinton. She has a plan to guarantee workers - men and women - up to 12 weeks of paid family leave to care for a new child or a seriously ill family member.
One of the biggest reasons for higher medical costs is that somebody else is paying those costs, whether an insurance company or the government. What is the politicians' answer? To have more costs paid by insurance companies and the government. ... [H]aving someone else pay for medical care virtually guarantees that a lot more of it will be used. Nothing would lower costs more than having each patient pay those costs. And nothing is less likely to happen.
Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
Current condition of the BYU football program? I think it's in good shape. We've got some good young players. We've had two or three pretty good recruiting years. We lost some players, obviously, that hurt us, but you always have turnover in college through attrition (graduation, transfers). That's the nature of the game.
From a prestige standpoint, the U.S. needs to host Formula 1. And I think Formula 1, they know they need the U.S. as well. So many companies that are global are based in the United States support Formula 1.
A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.
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