Flexible pay sees staff retention rates rise by 39%

Staff retention is one of the biggest pain points being faced by Australian businesses at the moment with the ongoing labour shortage.

Earned wage access provider Paytime has seen an average increase in staff tenure of 20% for companies using their app and as high as 39% in some industries such as labour hire.

The cost of living is seeing more employees stretched from paycheque to paycheque and giving them access to their wages as they earn them is alleviating financial distress.

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