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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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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Get Full Report Today’s workforce demands, technological advancements, and shifting demographics are causing the human resources (HR) industry to transform rapidly. Many seasoned leaders are retiring, and their successors may benefit from training to help them become even more impactful in their new roles.

HR Trends 102
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Essential Tools for Modern HR Departments: Boost Efficiency and Streamline Processes

Hppy

The business world is in a constant state of flux, and with the pace of technological advancements, the need for modern HR departments has become crucial for organizations. In today’s world, an HR department requires tools and technology that enhance efficiency and streamline processes.

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5 workforce planning tools and how to use them

Business Management Daily

Baby Boomers make up a significant portion of the company’s current workforce, and their retirement over the next few years could cause serious staffing shortages in key positions. This is where the importance of workforce planning tools comes into play. The role of tools in the workforce planning process. Competition.

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How HR Can Create a Comprehensive Talent Strategy

Analytics in HR

Talent strategy (often referred to as talent management strategy or talent acquisition strategy) is essential if organizations want to ensure they have the right talent in the right place to meet their long-term financial, marketing and operational goals and objectives. The risks of not having a talent strategy in place are seismic.

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

Analytics in HR

The demand for HR services and software continues to grow. HR professionals perform various staff-related responsibilities in an organization, primarily hiring, managing, and rewarding employees. They also need various HR skills to manage these responsibilities effectively. And not only that.

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From Compliance to Talent Management: The 15 Essential HR Responsibilities

Analytics in HR

Growing the business: Workforce planning, recruitment, and selection responsibilities 4. Talent management: Employee experience, engagement, and performance 6. These strategies may include recruitment and selection processes, employee development and training initiatives, and compensation and benefits programs.