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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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8 Tips for Onboarding Hospitality Employees | ClearCompany

ClearCompany HRM

Ever since turnover spiked to 130% during the pandemic and remained as high as 85% into 2021, it’s been even more of a challenge. If your human resources team is like most, you’re balancing the need for fast hiring with the need for effective retention strategies. When done well, onboarding can improve retention by up to 50%.

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Hourly Worker Retention: Why It’s so Difficult and 4 Ways to Improve It

Terryberry

Employee retention has always been an area of interest among HR departments. Even today, as recession talk is everywhere and mass layoffs have already begun, voluntary turnover is still something to avoid whenever possible. That is – only if employers know what’s driving the turnover in the first place.

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Add on wellness benefits.

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The 2021 Guide for Employee Service Awards

Semos Cloud

The 2021 Guide for Employee Service Awards . However, as you will see, it is important to celebrate big milestones as well as the smaller ones. . I mproving employee retention rates . By appreciating your employees in this way, you are helping to improve your company’s employee turnover rates. . July 20, 2020.

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How Do Managers Influence Retention Rates?

Zenefits

Studies showing managers’ influence on employee retention. Consider the studies and statistics below to better understand managers’ influence on employee retention. A McKinsey & Company study ranks relationships with management as the 2nd most important determinant of employee well-being after mental health.

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Brandon Hall Group Research, October 2021

Brandon Hall

6, 2021) Upskilling and Reskilling Your Workforce – How to Drive Learner Engagement in the Hybrid Workplace (Oct. 8, 2021) Developing Great Leaders During Times of Uncertainty (Oct. 13, 2021) Defining L&D’s Impact with Operational Data (Oct. 20, 2021) How to Win at Learning Measurement (Oct.