Don’t let high turnover rates hold your business back – embrace the future of employee retention with Fuego’s earned wage access solution.

By Mike Calo|Oct 13, 2023|7:00 am CDT

See how EWA drives stability and cost savings

See how much you could save by implementing the benefit of earned wage access to your organization. Simply fill out all the fields on the left of the calculator and the fields on the right will provide your results!

Employee retention is essential for controlling costs, fostering a positive workplace culture, maintaining a high-quality dining experience, and ultimately, ensuring the long-term success and profitability of your business.

On average, the restaurant industry turnover rate can range from 75% to 150% or more annually. This means that a typical restaurant may replace its entire staff at least once a year, and some restaurants may experience even higher turnover rates.

Did you know? the cost of employee turnover averages around $5,864 per person for a typical front-line employee.

Don’t let high turnover rates hold your business back – embrace the future of employee retention with Fuego’s earned wage access solution.

Besides the cost savings brought on by reducing recruitment, training, and onboarding expenses, retaining a stable and experienced team ensures consistent and high-quality service, fosters a positive work environment, boosts employee morale, and strengthens team dynamics, resulting in improved workplace efficiency and a better dining experience for patrons. Don’t get left behind: supercharge your retention efforts and unlock the benefits of earned wage access today.

Interested in learning more?

Don’t hesitate to contact us to learn how Fourth’s on-demand pay solution, Fuego, can benefit you and your employees.