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

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The 21 metrics you need for Strategic Workforce Development

Analytics in HR

In this article, we will explore the key metrics that you need to prepare your organization for the future. For this article, I want to zoom in on the data and metrics that are useful to create in the Strategic Workforce Development process and why. Getting to know the target groups. Let’s first look at our definitions.

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Turnover vs. Attrition: Key Differences Plus How To Calculate Each 

Analytics in HR

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

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How to Set and Achieve Diversity Goals with Confidence

Visier

Estée Lauder and Adidas are just two of the many companies listed in this New York Times article that have quantified their goals for addressing racial equity. This also begs the question: are these customer-facing positions generally lower level, high-turnover positions? team over the next five years.”

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Navigating DEI Metrics: Key indicators for business success

Insperity

Diversity, Equity, and Inclusion (DEI) have transitioned from being programmatic solutions to essential components of a solid people strategy. Today, companies understand that fostering a diverse and inclusive workplace isn’t just a checkbox for public relations purposes; it is also smart for business.

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UKG Solution Demand Drives Outstanding Second-Quarter Fiscal 2023

UKG

A 300% increase in users of UKG Wallet , which offers earned wage access, budgeting tools, financial literacy and counseling, and peer-to-peer payments that UKG customers say is a significant recruitment and retention tool. All other trademarks, if any, are property of their respective owners. All specifications are subject to change.

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Engaging Passive Candidates in Your Recruiting Process

PandoLogic

By developing a separate recruitment strategy that specifically focuses on engaging more passive individuals, companies can access untapped talent pools, expand the diversity of their workforce, and optimize their chances of attracting the best possible candidates. This can lead to lower turnover and higher retention rates.