Several researches have highlighted the startling costs that employee disengagement may bring to the organization in terms of employee turnover and reduced productivity.

According to a 2003, Towers Perrin study of 35,000 employees, employee disengagement may be the best predictor of turnover. Two-thirds (66 per cent) of highly engaged employees have no plans to leave their current jobs, versus just a third (36 per cent) of the moderately engaged and only 12 per cent of the disengaged.

According to a 2002 meta-analysis by Gallup, business units with more employee engagement showed higher rates in every measure of success when compared with business units that had low employee engagement. Results showed that business units with higher rates of employee engagement had 86 percent higher success rate on customer metrics; 70 percent higher success rate in lowering turnover; 70 percent higher success rate in productivity; 44 percent higher success rate in profitability and 78 percent higher success rate in safety figures. (Triple Creek, 2010).

In contrast to this, their research found that disengaged employees are two to three times more likely to leave their jobs voluntarily, leading to average turnover rates in the United States of 15-20 per cent, depending on industry and region. Active disengagement causes lost productivity that costs an estimated $3,400 per $10,000 in salary; this is on top of the turnover costs. The Gallup research further establishes that the least engaged employees are the lowest performers. (Triple Creek, 2010).

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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