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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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How to Retain Call Center Employees & Reduce Turnover

Empuls

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%. High attrition rates have long plagued the call center industry.

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Q&A: What’s Visier NOW & How It Solves Urgent Issues Like Turnover & Achieving Diversity Goals

Visier

The need for quick access to answers to help business leaders face these challenges ASAP is immense, and here are just two reasons why: Turnover is ridiculously expensive: According to Gallup’s 2021 State of the Global Workplace Report , replacing workers requires one-half to two times an employee’s annual salary. Q: What is Visier NOW?

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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Here, we summarize the report’s 10 key points, from the need to focus on an increasingly diverse workforce to the growing role of artificial intelligence (AI) in HR. Developing a diverse workplace also boosts an organization’s social responsibility and can improve its decision-making by unifying diverse experiences, skills, and ideas.

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What are some best practices for talent management metrics?

Best Of HR

Antreas Koutis , Administrative Manager, Financer Diversity and Inclusion Diversity and Inclusion (D&I), as a talent management metric, measures the representation of diverse groups within the organization and their level of integration and inclusion in the company culture.

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

In the persistent battle for talent, appreciating the influence of employee benefits on retention rates can give HR professionals the upper hand. Image by Drazen Zigic on Freepik Understanding the Concept of Talent Retention Talent retention refers to a company’s ability to keep its most valuable employees.

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What Employee Experience Metrics Are Most Important?

Best Of HR

To gain insights into the most valuable employee experience metrics, we reached out to a diverse group of professionals, including founders, CEOs, and HR heads. These are based on the experiences of employees and candidates from underrepresented groups, and they give us insights into the effectiveness of our initiatives.

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