Remove 2021 Remove Career Development Remove Onboarding Software Remove Retention and Turnover
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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? The good news?

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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? SHRM predicts the annual turnover rate to be close to 19%, and also assumes that the average cost-per-hire to fill a position at $4,129.

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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Development opportunities, competitive compensation, and attractive benefits packages are also perks the best talent actively looks for.

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Why Marketing Skills Are Essential for Modern HR Professionals

Hppy

According to LinkedIn Global Talent Trends , effective employer branding can lead to a 50% reduction in cost per hire and a 28% increase in retention rates. So, it is a powerful platform for HR professionals to connect with candidates. Furthermore, it led to a 20% increase in candidate quality and a 15% reduction in employee turnover.

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Supercharge and Simplify Candidate Management with Technology

Manatal

New technical skills like software development and data analysis are in high demand as enterprises deploy new operating models and introduce new digital products and services. The obvious fact today is that the global workforce is becoming more cross-functional to support the expanding and maturing digital economy.

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Top Factors To Improve Better Employee Retention

6Q

In this article, we explain how to get better employee retention. On average, companies spend almost $30,00 per employee, and if it doesn’t work out, the costs increase even more: employee turnover costs companies $15,000,000,000 a year. Here are the most common reasons: Lack of opportunities for career growth.

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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. Retaining great people and avoiding mass departures are goals for all HR leaders to keep an eye on.