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Unlock business results: the power of employee performance management

Achievers

Here’s where employee performance management enters in – a crucial aspect of improving business performance. Key takeaways Employee performance management is a process of setting and tracking employee goals, evaluating performance, and recognizing contributions made. What is employee performance management?

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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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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

These are all questions that measure the effectiveness of your human resources department, and the best way to answer them is by paying attention to essential HR KPIs (key performance indicators). All businesses can use KPIs, as they’re simply metrics that measure your performance. They measure the success of your HR programs.

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How Companies Like PetVet365 Use Performance Management Tools to Support Employee Well-being

15Five

How performance management tools support employee wellbeing The way that leaders manage employee performance has a direct influence on employee-wellbeing. We recently spoke with Ashley Egan , Regional Practice Manager for PetVet365 , about the benefits of using performance management tools to support employee engagement.

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How HR tech’s people data boosts business performance

Bob

Today’s best HR strategy leans on people tech to take the focus off the paperwork and put the emphasis on improving culture, employee engagement and retention, and the business’s bottom line. Employee turnover and retention Employee turnover and retention rates are two of the most crucial HR metrics a company can measure.

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Performance Management: A Key to Employee Development and Retention

WorkDove

What Is Performance Management? According to the Society of Human Resources Management, performance management is, “the process of maintaining or improving employee job performance through the use of performance assessment tools, coaching and counseling as well as providing continuous feedback.”

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The HR Scorecard: A Complete Guide

HR Lineup

Employee Turnover Rate: Reflects the organization’s ability to retain talent, and a high turnover rate may signal underlying issues in the workplace. Regular performance monitoring through the HR Scorecard facilitates a continuous improvement cycle, leading to a more efficient and effective HR operation.