Remove 2021 Remove Diversity Remove Groups 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? What is employee retention? The good news?

article thumbnail

Q&A: What’s Visier NOW & How It Solves Urgent Issues Like Turnover & Achieving Diversity Goals

Visier

The need for quick access to answers to help business leaders face these challenges ASAP is immense, and here are just two reasons why: Turnover is ridiculously expensive: According to Gallup’s 2021 State of the Global Workplace Report , replacing workers requires one-half to two times an employee’s annual salary.

Visier 195
Insiders

Sign Up for our Newsletter

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

article thumbnail

For better employee retention, why hybrid work may offer the most value

HRExecutive

In an effort to provide clarity around the business value of in-office versus hybrid work arrangements, Stanford University professor and work-from-home expert Nick Bloom led a research project at one company that yielded insightful results—particularly around the impact of hybrid work on employee retention.

article thumbnail

HiBob’s top 5 webinars of 2021

HiBob

2021 was full of all kinds of challenges–but there were some bright spots too. Companies facing “ The Great Resignation ” are scrambling for ways to increase employee retention, boost loyalty, and make their people proud to work for them. Employee retention strategies for the new world of work. Paying people is no longer enough.

article thumbnail

Top Actions for Addressing Staffing and Onboarding Issues in Healthcare

Sterling Check

For the first time since 2004, hospital labor shortages have replaced financial challenges as the top concern for hospitals in 2021, based on data from the American College of Healthcare Executives (ACHE). The Pandemic Remains the Biggest Challenge for Talent Acquisition and Retention Teams. Conclusion.

article thumbnail

3 Key Ways Learning Benefits the Business

Linkedin Talent Blog

According to LinkedIn’s 2024 Workplace Learning Report , companies with a strong learning culture have a 7% higher rate of promotions to management, 23% higher internal mobility rate, and 57% higher retention rate than those where learning is less robust. were short on help in late 2021, Sam’s Club’s 600 locations were fully staffed.

article thumbnail

10+ Employee Retention Strategies for 2023 to Keep Your Top Talent

Analytics in HR

Investing finite resources into effective employee retention strategies will play a pivotal role in the success of your organization. Let’s explore why employee retention matters and the best employee retention strategies HR can implement in the business. Let’s explore why employee retention matters in more detail.