Remove Certification Remove Meeting Remove Retention and Turnover Remove Tools
article thumbnail

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? Employee turnover is when workers leave the business they work for.

article thumbnail

Top Strategies to Reduce Employee Turnover in 2024

HR Lineup

Employee turnover continues to pose significant challenges for businesses in 2024, particularly amidst evolving workplace dynamics and shifting employee expectations. High turnover rates can adversely affect organizational performance, morale, and overall productivity. Strategies for Reducing Employee Turnover 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention. Analytical and data-driven : HR provides data-driven insights to executives, enabling the organization to measure and meet its strategic goals. laws and regulations.

article thumbnail

How to Develop a Staffing Planning (With Staffing Plan Example)  

Analytics in HR

A well-crafted staffing plan: Minimizes labor costs Maximizes productivity Provides a competitive edge in the market Improves the quality of new hires Reduces turnover Drives career and skills development Fosters a more engaged and satisfied workforce. Also consider employee retention metrics, such as the turnover rate or average tenure.

article thumbnail

Top 6 Tips for Creating a People-First Company Culture

Zenefits

Unhappy staff can result in dissatisfied employees and a high turnover rate. The problem with a task-oriented approach is that you aren’t taking a close look at employee satisfaction and this can result in problems with both long-term motivation and employee retention. Why is employee focus important? Keep it simple.

article thumbnail

A Guide To The 4 Types of HR Analytics

Analytics in HR

HR analytics is a tool that correlates HR data to organizational goals and demonstrates how HR initiatives are making an impact. Turnover : Descriptive analytics could be used to analyze employee turnover rates to compare the annual turnover between two teams or two departments. Diagnostic analytics. Recruitment.

Analytics 115
article thumbnail

Employee Engagement and Retention – Are They Connected?

Terryberry

Employee engagement and retention are frequently associated with each other. During the Great Resignation , organizations began to take an in-depth look at their engagement, retention, and recruitment strategies. Companies should focus on driving performance and retention through employee engagement.