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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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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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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.

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Efficient Background Checks a Must as Hospitality Preps for Peak Travel Months

Sterling Check

The January Job Openings and Labor Turnover Report notes that new job openings have surpassed last year’s by 897,000. Retention Strategies are a Must. With more than a million separations in January 2022 alone, employee turnover rates across the hospitality industry only add to the hiring conundrum.

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10 Ways to Show Employee Appreciation All Year Long

Bonusly

Showing gratitude is important for wins in your business, but great workplaces find ways to show employee appreciation all year long. Here are some ways that you can build trust and a connection with each employee throughout the year! Variety and creativity are essential components of employee appreciation and rewards programs.

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Employee Appreciation: Definition, Examples and Best Practices

Semos Cloud

E mployee Appreciation : Definition, Examples and Best Practice s . Employee Appreciation Day is celebrated every year on the first Friday in March. Find out what is employee appreciation and how to recognize your employees’ efforts this year. What is Employee Appreciation . March 8, 2020.

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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.