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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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3 Ways to Make Hourly and Seasonal Workers Feel Valued

Visier

According to data published by the Bureau of Labor Statistics, these workers account for nearly 80 million people, or almost 60% of the U.S. Turnover, low engagement and lost productivity cost employers billions each year. workforce, and are increasingly a cornerstone of the North American economy all year round.

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success. If HR teams fail to understand and respond to such information, it compromises the potential growth of a business.

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5 Best Strategies for Employee Retention

Hppy

Employee turnover is expensive on many levels to the employer. The good news is that turnover can be significantly decreased through some simple scientifically-backed strategies. There is a certain degree of overlay between recruitment and retention incentives. Team Building Activities. Sustainable Workload.

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Avoiding Employee Turnover: Long-Term Benefits of a Happy Workforce

6Q

A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. What is employee turnover?

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How HR can give your company’s employee retention strategy a boost

Insperity

But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? There are lots of tips out there for guiding managers in retaining their direct reports.

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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. Analytical and data-driven : HR provides data-driven insights to executives, enabling the organization to measure and meet its strategic goals.