article thumbnail

Why employee retention is important in the construction industry

Homebase

You invest resources in hiring, training, and developing your workforce, only to see them walk out the door and into the arms of your competitors. That’s why employee retention is important, especially in the construction industry. That’s why employee retention is important, especially in the construction industry.

article thumbnail

How to Retain Call Center Employees & Reduce Turnover

Empuls

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. High attrition rates have long plagued the call center industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Workforce Redeployment an Alternative to Layoffs?

Intoo USA

An agile company consisting of employees with diverse skill sets, cross-department training and transparency around open positions can minimize the need to acquire outside talent. Remaining employees may resent needing to train new employees after seeing their former colleagues let go. Can redeployment prevent layoffs?

article thumbnail

The 5 Primary Costs of Employee Turnover and How to Manage Them

Zenefits

Employee turnover is typical for most businesses. A high turnover rate deals damage from multiple angles, from the expense of recruiting and training new hires to the loss of institutional knowledge and a tarnished reputation. businesses lose an astounding $1 trillion annually due to voluntary turnover. Interviewing.

article thumbnail

Top 4 Ways to Increase Your Employee Retention Rate

Professional Alternatives

Employee retention simply refers to how many employees actually stay under your employment. If you employ a hundred people and five of them leave, this means that your turnover rate is 5% which is 5/100 while your retention rate is 95% which is 95/100. Different Ways to Enhance Employee Retention Rate. .

article thumbnail

Is the Great Resignation really over? Getting to the root of retention problems

HRExecutive

While the movement has been losing some steam over the past year, the cost of employee turnover is still extremely high, as the cost of replacing an employee ranges anywhere from one-half to two times their yearly salary. Much of the total cost involves the direct expenses associated with recruitment , onboarding, training and the like.

article thumbnail

What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Why is employee turnover expensive?