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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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How to Retain Call Center Employees & Reduce Turnover

Empuls

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%. High attrition rates have long plagued the call center industry.

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Maximizing Returns: Why Investing in Training is Crucial for Accounting Team Success

Professional Alternatives

The role of team dynamics in accounting team performance While technical skills and knowledge are essential for accounting team success, team dynamics also play a significant role in performance. A cohesive and collaborative team can achieve far greater results than a group of individuals working in isolation.

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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. What Is Employee Turnover .

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success. If HR teams fail to understand and respond to such information, it compromises the potential growth of a business.

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How this HR Honor Roll winner navigated employee trauma and growth

HRExecutive

Using the idea of “One CHS” as their “North Star,” Vogel and her team focused on building a culture of inclusion and belonging from day one—across the entire operation. The organization has also targeted another common driver of turnover—heavy workloads.

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Cultural Competence in the Workplace: What Employees Need to Know

Zenefits

Also, diverse cultures have proven effective in evading the detrimental effects of group-think. People with diverse backgrounds and experiences tend to possess different skill sets, which can strengthen a team’s capabilities. Low retention rates. Broader ranges of skills. Better creativity and innovation. Decreased productivity.