Latest / Franchise Conversations with Fexingo: Buying, Running, and Scaling Franchise Businesses
How Franchisees Win with Employee Retention Bonuses
In this episode, Lucas and Luna dive into a fresh angle for franchise owners: using employee retention bonuses to boost stability and cut turnover costs. They discuss the real numbers behind turnover — the estimated $5,000 to $10,000 cost per hourly employee — and explore how a small bonus, say $250 paid quarterly over a year, can keep staff engaged and reduce the chaos of constant hiring. Lucas shares a case study of a regional quick-service franchise that cut turnover by 18 percent with a simple retention bonus tied to training milestones. Luna challenges the approach, asking about the risk…
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