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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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Employee Turnover Rate: How to Calculate it (& Tips for Improvement)

Semos Cloud

Employee Turnover Rate: How to Calculate it (& Tips for Improvement) . Employee turnover is costing companies money and resources. Find out why your employees quit and how to reduce your turnover rate. Many organizations today struggle with high employee turnover rates. July 10, 2020.

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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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The Great Resignation of 2021, explained

Rise

They found that mid-career employees or those between “30 and 45 years old have had the greatest increase in resignation rates, with an average increase of more than 20% between 2020 and 2021”. While many people are faced with hiring woes, the real issue according to CNBC is retention. better offers) rather than push factors (e.g.

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10 employee appreciation ideas to implement for 2023

Homebase

f your goals for 2023 are to increase productivity, motivation, and retention, we’ve got good news. Focusing on employee appreciation can accomplish all three. Finding it hard to believe that something as simple as employee happiness in the workplace can do all of that?

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5 Ways to Improve Your Employee Retention Strategy

DailyPay

This understanding is at the core of any successful employee retention strategy. A successful employee retention strategy will include various methods to increase a company’s yearly retention rate, such as improving employee morale, financial wellness and engagement.

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What These Experts Are Saying About Employee Appreciation

15Five

So how does one get employee appreciation right? Here are four informative articles so that the next time you recognize an employee’s performance, they are left feeling truly appreciated: 1. Some managers think that employee appreciation must be offered in tangible form, with a Starbucks gift card or a bonus.