Remove Events Remove Metrics Remove Onboarding Software Remove Retention and Turnover
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

How To Set Your Recruitment Goals In 2024

Analytics in HR

Recruitment and talent acquisition goals are important for setting the agenda and prioritizing initiatives related to improving HR’s processes for attracting, hiring, and onboarding high-quality candidates. Digital HR : For example, leverage technology to enhance recruitment processes. Use metrics to evaluate your past performance.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Retain Call Center Employees & Reduce Turnover

Empuls

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. With the challenges of demanding customers, repetitive tasks, and, sometimes, stringent performance metrics, it's no surprise that keeping employees motivated and satisfied can be challenging.

article thumbnail

What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? Example: Annual employee turnover rate.) Contents What is HR analytics?

article thumbnail

How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Employee Hiring and Retention Undeniably, HR strategies for growing businesses begin with hiring and retention.

article thumbnail

Is the Great Resignation really over? Getting to the root of retention problems

HRExecutive

While the movement has been losing some steam over the past year, the cost of employee turnover is still extremely high, as the cost of replacing an employee ranges anywhere from one-half to two times their yearly salary. Much of the total cost involves the direct expenses associated with recruitment , onboarding, training and the like.

article thumbnail

HR Reports: The Journey and the Aftermath!

Keka HR Blog

By measuring these KPIs, organizations can identify areas where they need to improve and make data-driven decisions to optimize their HR function. They also aid in regulating hiring expenses, evaluating the success of your full-cycle hiring strategy and scheduling onboarding. Not every quitter, though, raises an alarm.