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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

In the ExtensisHR 2024 Trends Report, review the top 10 latest industry developments and the steps your business can take to succeed, straight from our internal thought leaders. Get Full Report Today’s workforce demands, technological advancements, and shifting demographics are causing the human resources (HR) industry to transform rapidly.

HR Trends 101
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Does Corporate ESG Encourage Recruitment and Retention for Employees?

Payactiv

Traditionally, a company’s social commitment refers to its efforts to develop a strong workplace culture and improve employee satisfaction, diversity, workplace conditions, and health and safety.In The reporting expectations among ESG authorities pertaining to well-being in the workplace and employer roles are also increasing.

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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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The turnover tsunami is on the way. How can your business avoid it?

Business Management Daily

It is being widely reported that a turnover tsunami is on the horizon. Employers need to start taking steps now to minimize turnover in their organizations. Why mass turnover is on the horizon. Is a “turnover tsunami” really on the horizon? Pent up turnover. How to retain staff post-covid.

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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.

Visier 195
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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees. What is a good employee retention rate?