For companies to succeed, they need a strong workforce of employees. Employees are the ones that actually carry out a business’ daily operations, and as such no business can stay afloat without the right people.

It should come as no surprise then that companies invest a lot in their workforce. For most businesses, labor represents one of its largest expenses. Companies typically set aside 15% to 30% of revenue towards their payroll budget to ensure they are able to attract and retain the best talent they can.