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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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HR Business Partner: All You Need To Know About the Role

Analytics in HR

Certificate Program. Before they talk to the manager, they look at the data from turnover to learning and development rates to see where the manager needs help. The new onboarding program significantly improved new hire retention rates and increased job satisfaction among new employees. Check out our HR Business Partner 2.0

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9 HR Steps to Create an Impactful Employee Development Plan

Analytics in HR

Providing employees with learning opportunities can boost employee engagement, resulting in higher productivity and profitability while lowering employee turnover. An engaged workforce often equates to higher productivity rates, increased profitability and employee retention. Improving diversity and inclusion. Reducing turnover.

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9 Employee Retention Strategies for Keeping Your Best Talent

Achievers

Employee retention should always be a priority. HR leaders need to develop a range of strategies to positively impact employee retention. With open feedback channels, building a culture of recognition, and other key techniques, you can boost your retention efforts this year and beyond. Why employee retention matters.

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How to Develop a Staffing Planning (With Staffing Plan Example)  

Analytics in HR

The Boston Consulting Group (BCG) offers similar advice. A well-crafted staffing plan: Minimizes labor costs Maximizes productivity Provides a competitive edge in the market Improves the quality of new hires Reduces turnover Drives career and skills development Fosters a more engaged and satisfied workforce.

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Everything to Know About Employee Resource Groups (with HR Best Practices)

Analytics in HR

Employee resource groups encourage belonging and camaraderie among colleagues who come together for a shared cause. These groups can be a powerful tool for meeting the needs of a diverse workforce by fostering an inclusive environment, giving employees official input, and granting more access to professional development.

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What Are Some Retention Bonus Ideas?

Best Of HR

What Are Some Retention Bonus Ideas? To help you explore innovative retention bonus ideas, we reached out to a diverse group of professionals, including CEOs, founders, and marketing directors. Ultimately, providing flexible work options as a retention incentive benefits individuals and businesses.