Remove Certification Remove Diversity Remove Productivity 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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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.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.

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

Analytics in HR

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. Hiring the right people for the right roles can’t be overstated.

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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.

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A Guide To The 4 Types of HR Analytics

Analytics in HR

Turnover : Descriptive analytics could be used to analyze employee turnover rates to compare the annual turnover between two teams or two departments. Since highly engaged employees tend to be the most productive, linking engagement scores to performance measures will show the impact. Diagnostic analytics.

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Advancing Workforce Retention and Engagement with Human-Centric Recognition

Cisive

Create a culture of recognition within your organization to improve employee engagement and retention. When a company gives importance to employee recognition, you’ll see a decrease in employee turnover and an increase in motivated employees.”. Your employees are your biggest asset. Recognize Recognition’s Importance.