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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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Everything You Need to Know About Workforce Optimization

Zenefits

It gives you the information you need to strengthen employee service delivery and customer satisfaction. Increased retention. By taking the necessary steps to keep your employees engaged and satisfied at work, you give them a compelling reason to stay with your company. This ultimately lowers your turnover rate and costs.

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Budget for Employee Engagement: 7 Tips for Setting Your Budget

Terryberry

Just about every HR department today understands how important employee engagement is - but knowing how much to set aside for an employee engagement budget is a different story. Here, we'll create a general guideline for creating an employee engagement budget and initiatives to consider.

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Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention. HR skills Administration expertise: Record and update employee records. Why choose a career in Human Resources?

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How to Plan for the Highly Anticipated Turnover Tsunami

Tandem HR

It has also caused employees to reflect on whether their current employers genuinely value them. As a result, experts predict a ‘turnover tsunami’ with many people seeking employment elsewhere as the economy recovers. The findings of the Achievers Workforce Institute’s Employee Engagement & Retention Report support this prediction.

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13 Ways to Use HR Data to Improve Decision-Making

Engagedly

Streamline Payroll. Measure and Improve Employee Engagement. Exit Interviews and Turnover Data . Improve Attrition and Retention. Listening to the Voices of Employees. Streamline Payroll. Measure and Improve Employee Engagement. Exit Interviews and Turnover Data . A/B Testing.

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Employee Recognition Ideas for the Healthcare Industry

Terryberry

This drastic increase in layoffs has resulted in weak employee engagement throughout the health sector. 5 Critical Stats about Employee Engagement in the Healthcare Industry. The average hospital turnover rate in 2017 was 20.6% , which is the highest recorded turnover in the industry for almost a decade.