Remove Career Development Remove Events Remove How To Remove Retention and Turnover
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

6 tips for reducing employee turnover

Hppy

Keeping your employee turnover low is one of the most important parts of running a business. High employee turnover can reduce morale, increase training costs, and lead to a less efficient workplace. . So, in this article, we’re going to outline how you can keep your employee turnover low. Let’s get started.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Workforce forecasting: what it is and how to predict future needs

Homebase

Using workforce forecasting, you can analyze factors like past sales, reservations, and upcoming events to estimate the increased demand. By analyzing future business needs, you can be proactive in recruiting, training, and developing employees with the right skill sets. Workforce forecasting is here to help.

article thumbnail

How to Approach Employees About Career Development – Engagedly

Engagedly

How to Approach Employees About Career Development A LinkedIn report suggests that 94% of employees surveyed feel that providing learning and career development opportunities encourages them to stay longer with the organization. The process of career development is crucial for both employees and employers.

article thumbnail

Avoiding Employee Turnover: Long-Term Benefits of a Happy Workforce

6Q

A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. What is employee turnover?

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

First-Time Manager Training and Support: Why It’s Essential

Intoo USA

How to Support First-Time Managers So, what can be done to better support these individuals in their transition to management? Provide formal training and career development First, employers can provide formal training and development opportunities for new managers.