Remove Career Development Remove Employee Engagement Remove Retention and Turnover Remove Staffing
article thumbnail

Untangling Turnover: What You Can Control, And What You Can't

Bonusly

Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.

article thumbnail

Employee Retention: 12 Strategies to Retain Your Top Talent

FingerCheck

A high employee retention rate is often a sign of a healthy business. It saves money, improves efficiency, boosts employee morale and gives you a competitive edge. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention?

Insiders

Sign Up for our Newsletter

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

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? What is employee retention?

article thumbnail

What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? Some studies show that replacing an entry-level position can cost up to 40% of an employee’s salary. of the total U.S.

article thumbnail

Attrition versus turnover: What’s the difference and why does it matter?

Insperity

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee attrition? What is employee turnover?

article thumbnail

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

EmployeeConnect

Understanding the Cost of Quiet Quitting When employees leave quietly without providing any notice or reason, it can be difficult for the organisation to prepare for their departure and find a suitable replacement. It can lead to higher recruitment and training costs, lower productivity and decreased morale among remaining employees.

Strategy 130
article thumbnail

Effective Strategies to Attract, Develop, and Retain Healthcare Talent

Sterling Check

The reasons for staffing shortages are varied, including burnout, changing demographics, industry competition, and the rigors of the medical profession. Developing Employees Recruiting solutions alone aren’t enough to combat staffing shortages. We asked our team to share their top takeaways from each of these areas.