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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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Top 12 Proven Employee Retention Strategies

Terryberry

Employee retention is a hot topic in the world of human resources. It's no secret that employee turnover can be costly for businesses - both in terms of money and lost productivity. Without engagement, retention becomes even more of a challenge. What is Employee Retention and Why is it Important?

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How Can HR Management Improve Employee Retention to Avoid Unemployment

Hppy

It’s a startling statistic, especially when one considers the high cost of turnover. In this article, we take a look at how HR management practices can be used to improve retention. . Better Onboarding. Better Onboarding. We’re talking about onboarding. Team Building. Efficiency lags.

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

Analytics in HR

Whether you’re a student interested in HR or a professional looking to transition, this article will guide you with the information needed to be a successful human resource professional. When the candidate is finally selected, HR prepares the job offer and onboard them. The demand for HR services and software continues to grow.

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11 Engaging Onboarding Activities for Your New Hires in 2024

Analytics in HR

Research shows that companies with a strong onboarding activities program can increase their new hire retention by 82% and new employee productivity by over 70%. Onboarding activities are not just about filling out forms and attending training sessions. Contents What are onboarding activities?

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Top Factors To Improve Better Employee Retention

6Q

In this article, we explain how to get better employee retention. In this article, you’ll find reasons why employees quit and tips on how to create a work environment that keeps employees from leaving for competitors. Don’t have time to read the article? Save it to your “Bookmark” for the future.

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How to Calculate and Reduce New Hire Turnover at Your Company

Analytics in HR

So, how can you reduce new hire turnover in your business today? Contents What is new hire turnover? How do you calculate new hire turnover? How to reduce new hire turnover. What is new hire turnover? New hire turnover can be voluntary —an employee decides to leave—or involuntary —an employee is asked to leave.