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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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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Bureau of Labor Statistics reported that 50.6 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. million U.S.

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

Analytics in HR

Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention. They advise line managers on handling conflicts and misunderstandings between them and their direct reports to avoid escalation.

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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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15 HR Analytics Case Studies with Business Impact

Analytics in HR

Quite a few case studies have come from the excellent Strategic Workforce Analytics report by Corporate Research Forum. This information was provided anonymously to managers so they could reduce turnover risk factors and retain their people better. Turnover at Experian. The full article can be found here. Flight risk at IBM.

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Allow telecommuting.

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Common Payroll Mistakes and How a PEO Can Help Avoid Them

Extensis

Tips for Keeping Your Business Compliant and Productive Quick look: Managing payroll can be complex and time-consuming, involving multiple tasks like calculating wages, withholding taxes, and filing reports. Employee turnover: Paycheck errors can put a hardship on employees, as 64% of Americans report living paycheck to paycheck.

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