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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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Turnover vs. Attrition: Key Differences Plus How To Calculate Each 

Analytics in HR

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

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Benefits Employees Appreciate Most in 2018

HR Daily Advisor

With three in every four employees more likely to stay with their employer just based off their benefits package, it’s important for companies to identify which benefits matter most to their employees. In identifying what benefits your employees value most, you can retain your top talent. Retirement. Vision Insurance.

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8 Service Anniversary Milestones Every Company Should Celebrate

Semos Cloud

According to Training Folks , “the costs of losing an employee extend well beyond the financial burden to the company which studies have shown can be up to 16% of annual salary for high-turnover positions like with retail and up to 213% of annual salary for higher executive positions like a CEO.” years average tenure.

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How to Create an Employee Value Proposition for Your Company

CoreCentive

It represents the unique combination of factors and advantages that make a company a desirable workplace for potential and current employees. A well-defined and compelling EVP helps attract top talent, create a positive environment, increase employee engagement and retention, and make your company the employer of choice in your industry.

Company 52
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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. However, employee benefit offerings of today have expanded well beyond this scope.

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Most Important Developments for 2/11

GetFive

This week in HR, Amazon raised its pay cap for execs in response to the hiring wars, retention was in the forefront, Glassdoor released its best jobs in America in 2022 and nobody has heard of the top 4, Lumin Digital CEO shared how he achieved a 1% turnover rate (and it’s not salary), and we were reminded that young workers want purpose.