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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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8 Questions to Ask for Effective HR Reports

EmployeeConnect

Data-based decisions generate 6 percent higher profits than decisions made without data input according to an MIT study. Better metrics and analytics are tools that wise managers use in context with personal information, progress reports, estimates of employee potential and other subjective insights. Who will use the reports?

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From efficiency to retention: 5 ways Bob helps you demonstrate business value

HiBob

Let’s look at how investing in an HR solution like Bob helps you demonstrate actual business value using five metrics intrinsic to today’s modern organizations: agility, efficiency, compliance, retention, and satisfaction. With Bob as your HCM, you can rest assured that your investment will be a smart one.

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What Is Human Resources?

Analytics in HR

In HR strategic planning, the HR department works closely with the management team and business leaders to study current and future staffing requirements, determine skill gaps, and enforce HR tactics that will attract, grow and retain the most talented individuals. These are the HRM outcomes.

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How Data Cleansing Can Streamline Your HR Analytics

Hppy

When HR teams are working with clean data, they can trust the analytics to provide accurate information about employee performance, turnover rates, training needs, and other critical HR metrics. For example, imagine a scenario where an HR team is analyzing employee turnover rates.

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People Analytics and HR-Tech Reading List

Littal Shemer

Following a nine dimensions model, the book demonstrates how to use people data to increase profits, improve staff retention and workplace productivity as well as develop individual employee experience” HR Analytics Essentials You Always Wanted To Know Michael Walsh (2021). It covers key questions: Where to find data in an organization?

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3 Changes to HR in 2023

ExactHire

Too much change or uncertainty, left unchecked, will lead to high turnover and reduced productivity. A company’s employee retention strategies are more important now than ever before. And when your employees are working from home, the accountability and productivity metrics will need to change, too.