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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? What is employee retention?

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

employees quit their jobs in a year, indicating an average of 4.2 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. How to Improve Employee Retention?

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6 essential HR tools for small business owners

Homebase

But with the right HR tools and processes in place, you can still have a solid HR presence in your company. HR— aka Human Resources—is the business function that’s responsible for all things related to your people and employees. HR looks at metrics like employee engagement, happiness, and turnover. What is HR?

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The Ultimate Guide to Employee Rewards Programs

Terryberry

In today's corporate climate, employee rewards programs are necessary to both retain and attract employees. People want to go where they feel appreciated for the effort they give. Not only do employee reward systems impact hiring, but they have a massive influence on the entire employee experience.

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Types of Employee Benefits: 12 Benefits HR Should Know

Analytics in HR

Improving employee retention : Employee benefit offerings vary with each organization, and some will suit workers’ needs better than others. When their needs are met, employees are more likely to remain with the employer. These added incentives boost morale and make employees feel valued.

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Employee Recognition Program: Things You Need To know!

Vantage Circle

Delve into how to create a recognition program for your employees. The benefits of having a good employee recognition program. Various platforms that you can use to enhance your recognition efforts. What is an Employee Recognition Program? The cost of employee turnover can be significant, often estimated to be 1.5

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The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

As companies struggle to find a way to deal with the global economic slowdown, the simple act of recognizing an employee in a meaningful and memorable way is the missing link that can heighten the productivity levels, lower employee turnover , and create a sense of belonging. Chapter 5: Technology In Rewards And Recognition.