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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.

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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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What Causes Low Employee Retention Rates [+ How to Fix!]

6Q

To create an effective and long-lasting team of dedicated workers, you must first understand what causes low employee retention rates. Retaining employees is vital to the success of any organisation. When you keep the employee retention rate high, you save on hiring costs and precious training time.

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Employee Retention and Turnover Solutions

Bonusly

To solve employee turnover, we look at employee retention best practices and organization-specific strategies. Current best practice is to improve the employee experience in order to increase employee engagement and retention—and all the other great things that come with them, like improved business performance.

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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.

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The Modern Workplace: Rethinking Employee Appreciation

Zenefits

Sure, a cake is great, but appreciation isn’t that simple. So what do modern employees really want beyond a simple pat on the back? Rethinking employee appreciation. Here’s how to get started. One of the best ways to ensure that employees feel valued is by celebrating even the most minor wins on a regular basis.