Employment Verification Insights

i2verify - employee retention

22 Jan: How to Win at Employee Retention: Learn from a Nobel Prize Winner

Behavioral economist, Richard Thaler recently won the Nobel Prize for his work that essentially demonstrated that people are illogical and while believing that they make great choices, consistently do not. Remember how several years ago companies world-wide started to automatically enroll employees in retirement savings plans? That was due to Thaler’s work. Before Thaler, economists used models predicated on the thought that people based their financial decisions on logic. So why does this matter? Here’s why. Ask any retiree without…

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