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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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Enhancing HR Processes: Integrating Cybersecurity Awareness from Recruitment to Retention

Hppy

From recruitment to retention, every stage of an employee’s journey presents opportunities to instill a culture of cybersecurity consciousness. Incorporating gamification elements into training modules can enhance engagement and knowledge retention among employees.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

This has a significant impact on organizational performance , leading to as much as a 25% rise in business productivity, a 50% decrease in attrition rates, and an 80% increase in recruiting efficiency. Example: Annual employee turnover rate.) Contents What is HR analytics?

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Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

HR responsibilities Recruitment: HR works with hiring managers to hire the most qualified candidates for the company’s open positions. Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention.

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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. Also consider employee retention metrics, such as the turnover rate or average tenure.

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Employee Engagement and Retention – Are They Connected?

Terryberry

Employee engagement and retention are frequently associated with each other. During the Great Resignation , organizations began to take an in-depth look at their engagement, retention, and recruitment strategies. Companies should focus on driving performance and retention through employee engagement.

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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. Recruitment. Then you can tailor your recruitment strategy to attract and engage this type of applicant. Diagnostic analytics. Prescriptive analytics.

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