By reducing the number of days between traditional pay periods, employers provide employees and gig workers the flexibility to access earned compensation when they need it. (Photo: Shutterstock)
In 2022, benefits are key to retaining talent.
And winning that competition has never been more important. According to the Bureau of Labor Statistics, the total nonfarm quit rate rose to 3% in November 2021. That's tied for the highest quit rate ever recorded — all the way back in September. Over 4 million people have quit their jobs every month since July.
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