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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? Employee turnover is when workers leave the business they work for.

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Talent Planning 101: The Ultimate Starter Guide (For 2023)

Analytics in HR

The world of staffing and HR can quickly change. When that happens, it can be tricky for a team, manager, or even a whole business to adapt. Forecasting is also used to determine shifts in the labor market, turnover rates, and retirement projections to help businesses identify what skills they will need in the long term.

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Want To Know Why Your Employees Leave? Here’s Why

Engagedly

Employee turnover is a constant problem in companies all over the world, and every company does their best to retain talents. As an HR Specialist working in a Staffing and Recruitment firm, it must be of high concern to you that there is a sudden rise in the number of goodbye lunches lately. Bad Manager. Lack Of Appreciation.

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8 Thoughts on HR-to-Employee Ratio Best Practices

Best Of HR

This involves talent development, culture building, performance management, and core values. A company with 500 employees, effective leadership, and employee retention of over 95% may need fewer HR positions than a company of 200 employees that is growing rapidly with multiple locations, and that has ineffective leadership.

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HR Reports: The Journey and the Aftermath!

Keka HR Blog

Turnover and retention reports Attrition reports, commonly referred to as turnover reports, emphasize the number and the percentage of individuals who quit during a specific time period. The effectiveness of your workforce retention efforts can be assessed using this data. Not every quitter, though, raises an alarm.

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Using Epiphany Moments to Improve Employee Engagement

Bonusly

Employees are your most valuable resource, whether you’re building a new startup, growing a mid-sized company, or staffing an established retail giant. And many companies find it difficult to recover the cost of turnover , which can range from 50 to 250 percent of an employee’s salary. Discovering the Epiphany Moment.

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5 workforce planning tools and how to use them

Business Management Daily

Baby Boomers make up a significant portion of the company’s current workforce, and their retirement over the next few years could cause serious staffing shortages in key positions. Who already on staff possesses these abilities, or which team members may make good candidates for training based on their past performance and attitude?