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Importance of Construction Workforce Planning | ClearCompany

ClearCompany HRM

Workforce management tasks include recruiting, hiring, training, scheduling, performance evaluations, engagement, and retention. When done well, a construction workforce management strategy ensures you have top talent with the right skills working in the right place at the right time.

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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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5 Advantages of Internal Recruitment | ClearCompany

ClearCompany HRM

And it’s not all talk — one in two companies has a turnover rate of 15% or more , while one in five reports a rate of 30% or more. One of the ways your company can combat this trend is with internal recruitment. In addition to increasing retention, hiring from within your company has lots of other benefits. 47% of U.S.

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7 Surprising Benefits of Employee Turnover | ClearCompany

ClearCompany HRM

According to HR Executive, 86% of HR leaders say they’re putting more effort into employee engagement to improve retention this year. So, HR is in overdrive, calculating employee turnover rates and strategizing long-term engagement and retention plans. But turnover is inevitable — and in some cases, it’s not all bad.

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The Turnover Takeover: How Tech Can Be a Differentiator for PEOs and SMBs

Prism HR

That includes turnover , which can be a challenge for any company. companies that fall into the small and medium-sized business (SMB) category, turnover can be especially difficult for smaller organizations that feel bottom-line hits much quicker than their larger counterparts. So how do you quantify turnover? Since 48% of U.S.

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What Makes a Good Performance Management System for HR?

ClearCompany HRM

Technology has quickly become a necessity for handling every function of HR, including performance management. If you’re part of the majority of HR professionals upgrading your team’s software tools, consider adding performance management software to the toolkit. via Gallup).

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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

These are all questions that measure the effectiveness of your human resources department, and the best way to answer them is by paying attention to essential HR KPIs (key performance indicators). Here’s a look at the main benefits you’ll enjoy from setting and tracking key performance indicators: They can improve profitability.