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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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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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30 Amazing Ideas for Employee Appreciation Day

EmployeeConnect

National Employee Appreciation Day: Friday, 3 March, 2023. Do you want to boost your employee retention and overall productivity? One of the best practices is employee appreciation for inspiring your team and making them feel valued. 30 Staff Appreciation Ideas to Keep your People Happy. Conclusion.

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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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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.