Remove 2021 Remove Career Development Remove Employee Engagement Remove Retention and Turnover
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What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? Some studies show that replacing an entry-level position can cost up to 40% of an employee’s salary. of the total U.S.

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Why employee retention is important in the construction industry

Homebase

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? What is employee retention?

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How HR can turn the tide on employee turnover this year

HRExecutive

The last few years have held a number of monikers related to workforce trends : 2021 was often called the year of the Great Resignation, while 2022 earned the Great Reshuffle label and 2023 became the year of the so-called Great Reset. ” The post How HR can turn the tide on employee turnover this year appeared first on HR Executive.

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High-impact retention strategies for a high turnover world

HiBob

But amid “ The Great Resignation ”—which has brought the highest levels of turnover seen in the past 20 years—companies need to understand what is driving the job change trend and what they can do to keep people around. Investing in your people’s career development and learning is another way to keep them engaged and happy in their roles.

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Keep Your Top Talent with This Problem-Solving Approach

Visier

The Great Resignation is upon us with 89% of the workforce experiencing burnout over the past year ( Visier, 2021 ) and over 40% of employees looking to change jobs in 2021 ( Microsoft, 2021 ). 3 difficulties organizations face when addressing retention. Employee sentiment is constantly changing and evolving.

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Keep Your Top Talent with This Problem-Solving Approach

Visier

The Great Resignation is upon us with 89% of the workforce experiencing burnout over the past year ( Visier, 2021 ) and over 40% of employees looking to change jobs in 2021 ( Microsoft, 2021 ). 3 difficulties organizations face when addressing retention. Employee sentiment is constantly changing and evolving.

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HiBob’s top 5 webinars of 2021

HiBob

2021 was full of all kinds of challenges–but there were some bright spots too. Prioritizing career development and internal mobility throughout the employee lifecycle. That’s where career development and internal mobility come in. Ready to learn more about improving employee mobility? What to expect.