Pop quiz: What four US industries have the highest expected turnover rate? Said differently: What businesses can expect to be hiring all the time, to be on a constant hiring cycle?
The answer, while predictable, is nonetheless edifying. In order, the four industries with the highest turnover rates in the country are:
- Food Service
- Hospitality
- Warehousing
- Transportation
A lot of this makes sense. These jobs are each in their own way taxing, both physically and emotionally, and oftentimes have irregular and demanding schedules that are irregular and include holidays.
Yet for that very reason, these jobs are flexible as part time work for people who are putting themselves through school, looking for quick supplemental income, or. This means that as people seek to exit them, new people are oftentimes looking for a way in.
You combine that push with that pull and you find an industry with a high turnover rate.
The Fiscal and Human Toll of the Constant Hiring Cycle
Large companies, of course, have the resources (both financial and human) to support this constant hiring cycle, dedicating entire teams to recruiting, fielding, evaluating, and onboarding workers.
But for smaller companies, this constant hiring cycle is taxing.
Places like In-N-Out can afford it, but smaller eateries simply cannot. The same goes with hospitality, warehousing, and transportation. For the biggest national companies, it is a rational expense, but for anybody smaller, it is overwhelming.
This is why many small and medium-sized companies choose to subcontract some or all of their hiring and onboarding process to industry experts.
TrendSource Virtual I-9 Verifications
For Virtual I-9 Verifications, TrendSource is the industry trailblazer and standard.
TrendSource developed Virtual I-9 Verifications with these business problems in mind, offering a simple and elegant solution to companies that are overburdened by constant onboarding. These companies can outsource I-9 Verifications, passing off a rote and burdensome task to a dedicated industry expert.
TrendSource brings its compliance expertise to the Virtual I-9 Verification, quickly and efficiently ensuring employment eligibility compliance.
TrendSource guides New Hires through the I-9 process, directing them to complete Section 1 and then meet virtually with a TrendSource verification expert to quickly complete Section 2 together. Companies can access and download their I-9 records whenever they wish.
And, for even greater convenience all-around, the process is entirely digital and user-friendly from ordering to verifying to reporting.
