Remove Data Remove Employee Appreciation Remove Events Remove Retention and Turnover
article thumbnail

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?

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 employee appreciation ideas to implement for 2023

Homebase

f your goals for 2023 are to increase productivity, motivation, and retention, we’ve got good news. Focusing on employee appreciation can accomplish all three. Finding it hard to believe that something as simple as employee happiness in the workplace can do all of that? million respondents.

article thumbnail

Employee retention strategies: how to keep your best employees

Homebase

If it isn’t already on your mind, it’s time to look into employee retention strategies and add to your to-do list for 2023. Headaches aside, the cost of losing an employee can be astronomical for small businesses and those with smaller profit margins. What is employee retention? What is employee turnover?

article thumbnail

Employee Appreciation: Definition, Examples and Best Practices

Semos Cloud

E mployee Appreciation : Definition, Examples and Best Practice s . Employee Appreciation Day is celebrated every year on the first Friday in March. Find out what is employee appreciation and how to recognize your employees’ efforts this year. What is Employee Appreciation . March 8, 2020.

article thumbnail

Workhuman Releases Survey Highlighting Impact of the Pandemic on Employees

WorkHuman

New Survey Shines Light on the Importance of Humanity in the Workplace Leading Up to Employee Appreciation Day 2021. Workhuman – pioneers of making the workplace more human – today released survey findings that uncover how recognition impacts employee retention and how companies can better support their employees.

Survey 103
article thumbnail

Employee engagement strategies that will boost employee retention

Homebase

Studies have shown time and time again that engaged employees work harder, stay in their jobs longer, and bring in more money. What is employee engagement? What is employee retention? The basic definition of employee retention is pretty simple. If an employee’s not engaged, you’ll struggle with retention.