Remove 2019 Remove Report Remove Retirement Remove Salary
article thumbnail

The Real Reasons People Are Quitting by Bonnie Low-Kramen

Bonnie Low Kramen

The headlines report alarming labor shortages that we see in our own towns with stores that have shorter hours or that have closed entirely. It costs a company 6-9 months of an employee’s annual salary to replace them. The third most important thing that staff wants is to be fairly compensated in salary and other benefits.

Salary 105
article thumbnail

During a Recession, Entrepreneurs Are in the Driver’s Seat

Success

A 2019 report from the U.S. Small Business Administration Office of Advocacy found that “the median net worth of self-employed families at $380,000 in 2019 was over four times that of families of workers ($90,000).”. And companies that weren’t cutting jobs cut benefits, from retirement funds to healthcare coverage.

2021 246
article thumbnail

16 Timeless Truths of Financial Freedom

Success

My new career was straight commission—zero salary. When Jim came into my office at age 52 to see about retiring early, I was surprised. I fully expected to inform Jim and Sue they couldn’t retire early only to discover they were multimillionaires. In my first year out of college, I was in commercial real estate.