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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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3 Ways to Make Hourly and Seasonal Workers Feel Valued

Visier

The staffing run-up to the holiday shopping season is a stark reminder of how vital seasonal, contract and hourly workers are. Turnover, low engagement and lost productivity cost employers billions each year. UPS is currently hiring 100,000 workers , and Target is bringing in another 130,000.

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The Hidden Cost of Quiet Quitting: Strategies to Address this Growing Trend

EmployeeConnect

However, this article gives you a complete guide to quiet quitting challenges and the strategies to address them. The cost of employee turnover resulting from quiet quitting may impact the organisation’s bottom line. This practice of leaving a job is becoming a growing trend in business workplaces.

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Employee Turnover Rate: How to Calculate it (& Tips for Improvement)

Semos Cloud

Employee Turnover Rate: How to Calculate it (& Tips for Improvement) . Employee turnover is costing companies money and resources. Find out why your employees quit and how to reduce your turnover rate. Many organizations today struggle with high employee turnover rates. What Is Employee Turnover .

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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. Workforce planning: Optimizing a company’s staffing levels to prevent shortages and surpluses in the workforce.

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15 HR Analytics Case Studies with Business Impact

Analytics in HR

For this article, I have collected 15 of the best HR analytics case studies I’ve come across in the past two years. On March 13 2015, the Wall Street Journal published an article titled: “The Algorithm That Tells the Boss Who Might Quit”. The article explored how Credit Suisse was able to predict who might quit the company.

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Cultural Competence in the Workplace: What Employees Need to Know

Zenefits

In this article, we’ll discuss why workplace diversity is important and how you can encourage employees to embrace differences and celebrate one another. Low retention rates. High turnover is costly and leads to remaining team members suffering from low morale. Benefits of strong cultural competence.