Remove Article Remove Retention and Turnover Remove Team Building Remove Wellness
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? Employee turnover is when workers leave the business they work for.

article thumbnail

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 .

Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Ways to Make Hourly and Seasonal Workers Feel Valued

Visier

Turnover, low engagement and lost productivity cost employers billions each year. This is felt most in fields like retail , hospitality and food service , where turnover rates among hourly employees range from 60% to 75% (compared to a more normal turnover rate of around 15%). Measuring what matters to early-level employees.

article thumbnail

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?

article thumbnail

Boosting Engagement: Why Team Building Activities Work

HR Guy

One approach that has proven to be effective is team-building activities. In this article, we will explore why team-building activities are essential in the modern workplace, discuss different types of activities, and provide guidance on implementing them within your organisation effectively.

article thumbnail

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. . Though no one will likely realize it at the time, employee turnover begins the moment you make a new hire. Team Building.

article thumbnail

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. Compensation and benefits : HR ensures that employees are well cared for by giving them competitive salaries and benefits.