A Qualtrics study shows that some industries are experiencing high turnover rates, which can be costly for workers and business owners alike. If you’re a restaurant owner with a 50-employee staff, according to this data, you’re facing a 4.7% turnover rate in your industry. That means two departing employees a month, and when it costs about $5,000 to replace an employee, you’ll lose $150,000 a year due to turnover. This isn’t just an outlier in the restaurant industry. The team showed multiple industries where turnover is a problem. For example, the arts and entertainment sector has a high turnover rate, which is no surprise given that gig work is the norm. But gig work can lead to wage issues and other problems that have led to strikes in the industry. Workflow disruptions, low morale, and inflexible work schedules lead employees to quit. The most stable industries on the chart are finance and the federal government, with employees who experience low layoff and quit rates and access to supportive benefits.
A Qualtrics study shows that some industries are experiencing high turnover rates, which can be costly for workers and business owners alike. If you’re a restaurant owner with a 50-employee staff, according to this data, you’re facing a 4.7% turnover rate in your industry. That means two departing employees a month, and when it costs about $5,000 to replace an employee, you’ll lose $150,000 a year due to turnover. This isn’t just an outlier in the restaurant industry. The team showed multiple industries where turnover is a problem. For example, the arts and entertainment sector has a high turnover rate, which is no surprise given that gig work is the norm. But gig work can lead to wage issues and other problems that have led to strikes in the industry. Workflow disruptions, low morale, and inflexible work schedules lead employees to quit. The most stable industries on the chart are finance and the federal government, with employees who experience low layoff and quit rates and access to supportive benefits.
Data from the Pew Research Center show that 78% of workers aged 16 and older use a car to get to work. This proves just how integral car ownership can be in the United States. So much of our lifestyle and infrastructure revolves around driving. Unfortunately, car ownership isn’t cheap. The team at Grease Monkey analyzed 15 different expenses related to car ownership and rated every state in the U.S. based on these expenses. They found that these were the most expensive states to own a car in:
The team at Grease Monkey released a map ranking each American state by a car-damage score. The team created their scoring system based on key factors such as the frequency of extreme weather, the number of natural disasters and floods, average road conditions, traffic fatalities, and proximity to salty air or salted roads. This comprehensive system allows us to pinpoint where cars are most at risk.
LLC Attorney released a new map that ranks every state in the U.S. by their side-gig economy growth. Side gigs become even more popular and necessary as the cost of living and the price of essentials outpace wage growth for Americans across the country. Popular apps like DoorDash, Uber, Lyft, Rover, Airbnb, and many others enable workers to start a side business quickly.
A new study from the Rove Lab ranks all 50 U.S. states by how much time residents spend at home, using a score that combines their average minutes per day on at-home activities and the percentage of people who work from home. The top spot goes to New Jersey, where residents spend much of their day at home and have one of the highest remote-work rates in the country.
The team at LLC Attorney created the perfect study for people entering the world of real estate investment. The team weighed a comprehensive list of factors to determine the best cities for real estate investment, creating the perfect kickstart for people new to the real estate market. The results show us what the best cities for real estate have in common. These are all growing cities with ample employment opportunities, affordable properties, and decent returns for landlords. While a lot of warm-weather locations took the top spot, we can see exceptions on the list too, suggesting that the presence of big employers may be the strongest factor in driving the real estate market. The team found that the top four best cities for first-time investors were Port St. Lucie, Florida, Cape Coral, Florida, Cleveland, Ohio, and Garland, Texas. Each city is growing, has affordable home prices, and a thriving economy with attractive employers.
Ooma’s five-year power outage analysis shows that power outage length and frequency depend on each state’s power grid stability and emergency response capabilities. Delaware is the peak of power grid efficiency, with the shortest average outage duration of 101 minutes. Despite Delaware’s exposure to coastal storms and hurricanes, its strong grid is due to the state’s small size, responsive crews, and well-maintained grid system. Massachusetts is right behind Delaware with an average outage time of 102 minutes.
A new study from Ooma shows that state tax policies can create substantial differences in retirement costs. The team examined SmartAsset’s tax friendliness rankings to determine which states are the most and least expensive to retire in. Seven states achieved the “very tax-friendly” score: Alaska, Florida, Nevada, Wyoming, South Dakota, Georgia, and Mississippi. These states don’t tax retirement income, Social Security benefits, and in some cases, property, which creates strong advantages for fixed-income retirees. On the other end of the spectrum, seven states were deemed “not tax-friendly”: California, Vermont, Maine, Rhode Island, Connecticut, Minnesota, and Nebraska. All of these states tax income and property for retirees. We can see why many retirees opt for Florida. It’s not just the warm weather. The state has zero income tax, creating value for retirement that offsets living costs. Data like this is crucial for retirement planning and can affect where and when people retire.
For decades, the billionaire club was dominated by male entrepreneurs. But American women are on the rise, with self-made billionaire females rewriting the rules and proving that business success isn’t a man’s game. From entrepreneurs to entertainers and business tycoons, a new Ooma graphic shows that no single playbook leads to billionaire status. The time these women took to achieve their wealth also defies the stereotype that women’s prospects dwindle with age. While Lucy Guo became the youngest self-made female billionaire at age 30, she’s bookended by Alice Schwartz’s slow but steady accumulation, leading to billionaire status at age 98.
Subscribe to:
Posts (Atom)











