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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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What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Why is employee turnover expensive?

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10 Ways to Make November a Month of Employee Appreciation

Zenefits

When applicants are plentiful, you can afford a bit of turnover. A recent survey found 2/3 of 2,000 American workers polled feel underappreciated by their employer on a daily basis. Another 59% said they have never had a boss they feel truly appreciates their work. Employees just want to be seen and valued.

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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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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

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15 pulse survey questions to ask your employees

Achievers

Organizations need to give employees a voice so they can identify and address issues before it’s too late. Pulse surveys are a quick, easy way to solicit feedback anonymously, so employees are free to express themselves freely. The most important aspect of a pulse survey is, of course, the questions it asks. Enthusiasm.

Survey 233
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Top 12 Proven Employee Retention Strategies

Terryberry

Employee retention is a hot topic in the world of human resources. It's no secret that employee turnover can be costly for businesses - both in terms of money and lost productivity. Each lost employee equates to a cost of 1.5 Without engagement, retention becomes even more of a challenge.