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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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Onboarding and Employee Retention: A Match Made in HR

HR Digest

The association between onboarding and employee retention is a very strong but often forgotten one as companies prefer to finish the onboarding quickly instead of investing too much time in it. Your onboarding process is your introduction to a new champion of your organization—do not take it lightly.

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15 Best Employee Retention Strategies in 2024

HR Stacks Blog

However, those who take the matter of controlling its attrition rate seriously and invest in keeping their employees motivated, competitive and productive are the ones who reap high benefits in the long run. After all, it is safe to infer that there is a direct link between employee retention and the success of an organization.

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What is the Best Employee Onboarding Process

ExactHire

The benefits of effective employee onboarding are often overlooked. But, done correctly, onboarding will contribute to your organization’s financial health. When you make the effort to acclimate your new employees to their new roles, they will become productive more quickly and will stay longer.

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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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11 Engaging Onboarding Activities for Your New Hires in 2024

Analytics in HR

Research shows that companies with a strong onboarding activities program can increase their new hire retention by 82% and new employee productivity by over 70%. Onboarding activities are not just about filling out forms and attending training sessions. Contents What are onboarding activities?