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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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Efficient Background Checks a Must as Hospitality Preps for Peak Travel Months

Sterling Check

The January Job Openings and Labor Turnover Report notes that new job openings have surpassed last year’s by 897,000. As a talent executive writes on hospitalitynet , “To top it all, hospitality employees are recognized as having strong customer service orientation and training, resulting in their poaching by other industries.”

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

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10 Ways to Show Employee Appreciation All Year Long

Bonusly

Showing gratitude is important for wins in your business, but great workplaces find ways to show employee appreciation all year long. Here are some ways that you can build trust and a connection with each employee throughout the year! Variety and creativity are essential components of employee appreciation and rewards programs.

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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?

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Year-Round Recognition: Crafting a Continuous Employee Appreciation Strategy for 2024

Empuls

  Nothing is more fun, exciting, engaging, productive, and fulfilling for employees than having a culture of appreciation in the workplace.    Meanwhile, employers should realize that employee appreciation translates to a high employee morale, increased engagement, improved productivity, and overall business success.