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Why employee retention is important in the construction industry

Homebase

The truth is there are tons of effective retention strategies you can implement at your business to reduce the turnover of your skilled employees. Create a performance-driven workplace—and reward your top performers Employee appreciation is more than just a “nice to have” at a business.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Additionally, the Edward Lowe Foundation reports that offering stock options as a bonus qualifies it as a profit-sharing plan, which is a system where companies share a specific portion of the net profit of the company, with its employees. Another employee retention example is paying attention to an employee’s career projections.

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Top 12 Proven Employee Retention Strategies

Terryberry

Additional common reasons cited are: Lack of Recognition or Appreciation: Feeling undervalued or unappreciated for their contributions can be a major demotivator for employees. Burnout: Feeling overworked and overwhelmed can lead to burnout, which can cause employees to leave their jobs in search of a better work-life balance.

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The Ultimate Guide to Getting Employee Appreciation “Right”

Empuls

Appreciation, like love and fear, is one of the oldest and most primitive emotions that are known to humanity. And it has a surprising tint of employee appreciation in it—dating back 2600 years ago. What is Employee Appreciation? 41% of employees want more appreciation from their immediate co-workers.

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15 Employee Benefit Examples from Great Companies

Empuls

Salesforce offers comprehensive health and wellness benefits , including mental health resources, employee assistance programs, and flexible work arrangements. Salesforce recognizes the importance of diversity and inclusion and offers programs and resources to support underrepresented groups.

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How to Hire the Right People & How to Keep Them

Terryberry

And if an employee has a referral – even better. Push for Diversity If you’re looking for innovation or people who “think outside the box,” you’ll need to hire outside the box that you’re used to. Also, consider forming employee resource groups (ERGs) - employee-led groups whose goal is to foster inclusivity and community.

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10 Best Employee Engagement Softwares in 2023

Empuls

Employee engagement software has emerged as a powerful solution in today's fast-paced business landscape, offering organizations a dynamic tool to foster a culture of engagement, collaboration, and productivity. Pros Extensive range of survey templates for various employee feedback needs.