Remove Diversity Remove Employee Appreciation Remove Groups Remove Retention and Turnover
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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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Diversity and Inclusion In The Workplace: Benefits

Engagedly

Workplace Diversity and Inclusion or popularly called D&I, is one of the hottest topics of discussion for the Human Resource industry. But before we learn more about the benefits, let us take a look at the definition of Diversity and Inclusion. Also Read: 5 Employee Appreciation Ideas For Your Remote Team.

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Employee Recognition Event: Tips and Recognition Calendar

Vantage Circle

However, ensure that the event's purpose aligns well and complements your long-term employee engagement and retention initiatives. Promote Inclusivity and Diversity The recognition event should be designed in a way that is inclusive and equally celebrates the diversity of your workforce.

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10 Effective Employee Experience Management Strategies to Boost Retention and Engagement

Empuls

This can include everything from onboarding and training to recognition and feedback, with the ultimate goal of creating a positive and engaging work environment that improves employee satisfaction, retention, and overall performance. Reduces turnover costs An inevitable aspect of running a business is employee turnover.

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Top 10 Workplace Retention Factors

Zenefits

When market conditions are good, with a wealth of available talent to choose from, retention is important. When market conditions are poor, retention is critical. Whatever is trending in the talent pool, retaining employees is imperative to business success. The culture of an organization matters greatly to employees.

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How to Hire the Right People & How to Keep Them

Terryberry

Attracting and retaining talented employees is an age-old challenge for managers and leaders. This is because employee turnover can be a costly problem for businesses. In fact, it's estimated that each employee lost equates to a cost of 1.5 to 2 times that employee's annual salary. Create an action plan.