Remove Career Development Remove Company Remove Immedis Remove Retention and Turnover
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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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How To Reduce The Impact Of Employee Turnover With 3 Effective Strategies

Cloverleaf

Or, your organization is faced with making difficult decisions about staffing levels and restructuring , which can lead to layoffs and increased turnover. By taking a proactive approach to managing labor turnover, businesses can minimize its impact and ensure the organization's continued success. Organizational loyalty is a real thing.

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

EmployeeConnect

The cost of employee turnover resulting from quiet quitting may impact the organisation’s bottom line. Quiet quitting is worse than a real thing and can have hidden costs for organisations beyond the immediate impacts on workflow, engagement, and institutional knowledge. Here are some examples of hidden costs: 1.

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Adapting to Change: Why Staff Development Programs Are Crucial for Workforce

Professional Alternatives

By investing in staff development, businesses can empower their workforce to take on new challenges, enhance their productivity, and contribute to the overall growth of the company. Staff development programs also foster employee engagement and retention, as employees feel valued and supported in their personal and professional growth.

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Turnover vs Attrition Explained

Peoplebox

Turnover and attrition are two critical human resources metrics that measure employee departures. In this blog post, we will examine the differences between turnover vs attrition and explore their impact on organizational dynamics, employee retention strategies, and overall workplace stability. What is Employee Turnover?

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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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Employee Retention: The Ultimate Guide To Retain Top Talent

Peoplebox

In this article, we’ll show you how to build an effective employee retention strategy, along with 10 tried and tested employee retention strategies that you can get started on today. Why Does Employee Retention Matter? Top Reasons Why Employees Leave Jobs What causes high turnover? Let’s look at the reasons.