Employee turnover is one of the most expensive challenges for businesses. With the cost of replacing an employee ranging from 50% to 250% of their annual salary it’s crucial to invest in retention strategies—especially through better benefits.
(Source: SHRM – Cost of Employee Turnover)
Studies show that 78% of employees are more likely to stay with an employer if they offer strong benefits —but many small and mid-sized businesses struggle to provide cost-effective options. That’s where BizPower Benefits comes in. (Source: Harvard Business Review)
BizPower Benefits provides businesses with affordable, high-value benefit options that help companies attract and retain top talent. Key offerings include:
Employee turnover is one of the most expensive challenges for businesses. With the cost of replacing an employee ranging from 50% to 250% of their annual salary, it’s crucial to invest in retention strategies—especially through better benefits. (Source: KFF – Telehealth Trends)
85% of employees say mental health benefits impact their decision to stay with a company (Source: APA – Mental Health & Retention)
Financial security is a top factor in workplace retention. BizPower Benefits provides additional coverage to ensure employees feel protected and valued.
A 2023 survey by the Society for Human Resource Management (SHRM) found that 60% of employees would choose a strong benefits package over a pay raise when considering job offers. (Source: SHRM – The State of Employee Benefits)
The Bottom Line
Companies that invest in affordable, high-quality benefits like those provided by BizPower Benefits experience lower turnover, increased employee satisfaction, and higher productivity.
