Remove Guidelines Remove Metrics Remove Retention and Turnover Remove Wellness
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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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Struggling with retention? Improve how recruiters, hiring managers work together

HRExecutive

There’s no shortage of theories on the root causes underlying the increased rate of voluntary employee turnover. Advertisement - Guidance on improving employee retention largely focuses on organizational culture and management of feedback loops, particularly with new hires. Click here to register.

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New Hire Onboarding: Take a Pulse to Increase Employee Retention

HR Bartender

With unemployment levels at historic lows, it’s no wonder that employee retention is a priority. A key factor in employee retention is onboarding. You could also use a metric like turnover. The rationale being that better onboarding should result in lower turnover. Thus, improving retention.

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

Analytics in HR

Compensation and benefits : HR ensures that employees are well cared for by giving them competitive salaries and benefits. HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits.

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What Is Human Resources?

Analytics in HR

It includes reviewing organizational and HR metrics to measure HR initiatives’ effectiveness on business results. Internal mobility helps organizations improve employee engagement and retention while reducing hiring costs. This may include implementing wellness initiatives to address mental health, for example.

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Cultivating Well-Being: How Peer-to-Peer Recognition Helps Manage Work Burnout

Engagedly

This is where the concept of peer-to-peer recognition steps in, a tool that is instrumental for both cultivating workplace well-being and combating burnout. The Ripple Effect of Recognition The benefits of peer-to-peer recognition extend beyond individual well-being.

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How to Boost Engagement and Retention Rates with Employee Journey Mapping

HSD Metrics

” How Can Your Business Increase Retention With Employee Journey Mapping? Using quantitative data—like the data you cull from employee exit, new hire and stay interviews—will help you uncover key reasons employees leave, as well as high turnover moments and events. Analyze Employee Data.