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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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Unlock business results: the power of employee performance management

Achievers

So how do you ensure a vast, diverse workforce is marching to the same values and goals? Here’s where employee performance management enters in – a crucial aspect of improving business performance. What is employee performance management? Why is Employee Performance Management important?

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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

These are all questions that measure the effectiveness of your human resources department, and the best way to answer them is by paying attention to essential HR KPIs (key performance indicators). Your KPIs are your first line of defense for costly issues like high turnover rates and dipping engagement levels. How is that?

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What is Continuous Performance Management?

HR Lineup

In the ever-evolving landscape of business, traditional performance management practices have often fallen short in meeting the needs of modern organizations. In response to these challenges, a paradigm shift has emerged in the form of Continuous Performance Management (CPM).

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What are some best practices for talent management metrics?

Best Of HR

From employee mobility to net talent exporter, here are 10 answers to the question, “What are the most important talent management metrics, and why?” First, organizations with diverse and inclusive cultures have better financial performance, increased innovation, and higher employee satisfaction and engagement.

Metrics 75
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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.

HR Trends 101
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What is the Difference Between HRM and HRD?

HR Lineup

Human Resource Development (HRD): HRD, on the other hand, is a subset of HRM that focuses specifically on developing employees’ skills, knowledge, and abilities to enhance their performance and potential within the organization. HRD is more proactive and forward-thinking, aiming to foster continuous learning and growth among employees.