As the saying goes, sometimes it takes money to make money. In this case study, we explore how a pay increase for workers led to overall cost savings for an employer in the high-volume package processing industry. When workers are well-paid and appreciated, employee satisfaction goes up, leading to positive changes like lower turnover and absentee rates.
This case study looks at how Randstad worked with a client to lower their total costs by executing a strategic pay increase. Topics covered include:
- How to strategically increase pay rates for workers
- The benefits of increasing pay, such as lower employee turnover and overtime hours
- The total cost savings realized by increasing worker pay