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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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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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6 Common HR Challenges and How to Approach Them

Vantage Circle

Here, one must be careful to keep an individual motivated and keep the payroll costs in check at the same time. Instead, you can design different employee rewards and recognition programs. This will compensate for your employee’s hard work, minus a continual rise in the payroll. Employee Retention.

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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.

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Top 10 Workplace Retention Factors

Zenefits

When market conditions are good, with a wealth of available talent to choose from, retention is important. When market conditions are poor, retention is critical. Whatever is trending in the talent pool, retaining employees is imperative to business success. The culture of an organization matters greatly to employees.

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Crafting a Successful Employee Spotlight Program

Zenefits

Your business may choose to present a story highlighting an employee’s success and their journey to achieve results. Such employee appreciation programs can contribute to high morale, increased productivity, and increased business sales. An employee spotlight program has several benefits, such as: Employee retention.

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Budget for Employee Engagement: 7 Tips for Setting Your Budget

Terryberry

Dedicated Personnel : Budget for hiring or allocating personnel responsible for managing and implementing employee engagement initiatives, such as HR professionals, engagement specialists, or coordinators. However, in general, a retention rate above 80% is often considered good. Then, break that annual number down by quarter or month.