article thumbnail

A Guide On How To Calculate The Employee Turnover Rate

Vantage Circle

Continued focus on (employee) turnover is of critical importance, because of the direct relation of turnover to improvements in labor costs and guest satisfaction. "Employee turnover" is a word that makes HR practitioners' hearts skip a beat. What is Employee Turnover? What is Employee Turnover?

article thumbnail

Untangling Turnover: What You Can Control, And What You Can't

Bonusly

Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.

Insiders

Sign Up for our Newsletter

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

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? Employee turnover is when workers leave the business they work for.

article thumbnail

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

Analytics in HR

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? In other words, HR analytics is a data-driven approach to Human Resources Management.

article thumbnail

You Can Successfully Clear Your Year-End To-Do List

PeopleStrategy

General Activities Your department (or just you) might be tasked with completing annual performance reviews, asking employees to update information in your HR platform, backing up HR data and personnel files, budgeting, reviewing recruiting or hiring processes, or creating plans for new hires. Documents and policy updates.

article thumbnail

Employee Turnover Data Analysis: 8 Tips for Success

Analytics in HR

Therefore, HR leaders are very concerned with keeping employee turnover low. That’s why employee turnover data analysis is a valuable tool in your HR arsenal. Understanding employee turnover helps you prevent employees from leaving and retain top talent. Contents What is employee turnover data analysis?

Analysis 122
article thumbnail

Trust in Leadership Affects Employee Retention #EWS2014

The People Equation

Spherion created the graphic below to represent the various issues in the “employment life cycle”, which include attraction, recruitment, engagement, retention, advocacy and leadership. My second post looked at the interconnection between the elements advocacy, retention and leadership. Many factors drive employee retention.