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

Analytics in HR

Performance management : HR informs employees about their roles, gives constructive feedback , and provides support to help them achieve their goals. Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention.

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Employee Engagement: HR Tips to Motivate and Inspire Employees

Netchex HR Blog

READ: People Over Policy: HR’s Vital Role in Employee Engagement How can HR improve employee engagement? HR staff has the chance to learn about the average employees and communicate directly with the CEO and upper management. “I You can’t have an effective and motivated team as long as your leaders and coaches are ineffective.

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How HRs Can Help Create a Positive Work Culture?

Hppy

This, in turn, leads to improved productivity and reduced turnover rates, benefiting the company’s bottom line. On average, turnover due to poor culture-fit can cost an organization between 50-60% of the person’s annual salary. This helps them collaborate better.

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What is reboarding and how it can boost retention rates

Workable

Unlike onboarding , which is designed for new employees, reboarding focuses on those who are already familiar with the company but need updates on policies, procedures, or their roles due to changes during their absence. Retention and turnover Effective reboarding strategies are also linked to improved retention rates.

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Front-line managers: Your business strategy superheroes

Insperity

Front-line management plays a vital role in channeling communication between upper-level management and employees, executing strategic objectives and implementing organizational policies, thereby contributing substantially to the overall success of the business.

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13 Ways to Use HR Data to Improve Decision-Making

Engagedly

Exit Interviews and Turnover Data . Improve Attrition and Retention. Oftentimes, payroll management can be a tricky thing to balance against the costs incurred through labor and/or production. Exit Interviews and Turnover Data . It’s said that employees don’t leave companies, they leave bad managers. A/B Testing.