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Employee Turnover
The average merit raise last year among Florida companies was 3.8%, according to a survey by Effective Resources and the HR Florida State Council. As it becomes prohibitively expensive to increase benefits, small companies are offering bigger raises to attract and keep employees.
Employee turnover in Florida companies fell to 2.3% last year from 4.6% in 2004. Hospitality had the highest turnover at 4.2% followed by retail at 3.6%.
FLORIDA TREND MAGAZINE
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Forecasts of a ”potentially explosive” hurricane season and high operating costs continue to dog Florida’s home insurers. But there are positive signs for the state’s market, which is quietly growing after a period of contraction.
Business Beat - Week of May 3rd
Get top news-to-know with Florida Trend's headline-focused video news brief, hosted by digital content specialist Aimée Alexander.
The pandemic did what public health officials have struggled to do for the past 15 years — put a dent in the number of reported cases of bacterial sexually transmitted diseases in Florida.
Lawmakers are talking about holding a special legislative session this month – possibly to enact another strict immigration law and add ballot proposals to November that might complicate the abortion access measure.
Florida joined half the states in the U.S. with a new law that allows credit unions to become qualified public depositories, meaning that they could receive municipal funds for deposit.
Florida Trend Video Pick
Between the White House launching the nascent American Climate Corps program and Miami-Dade County seeking $70M to bankroll climate technology careers, the “green jobs” industry in South Florida finally shows signs of taking off.
Ballot Box
Do you think recreational marijuana should be legal in Florida?
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