article thumbnail

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.

article thumbnail

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). Your KPIs are your first line of defense for costly issues like high turnover rates and dipping engagement levels. How is that?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How HR tech’s people data boosts business performance

Bob

Today’s best HR strategy leans on people tech to take the focus off the paperwork and put the emphasis on improving culture, employee engagement and retention, and the business’s bottom line. Employee turnover and retention Employee turnover and retention rates are two of the most crucial HR metrics a company can measure.

article thumbnail

Everything You Need to Know About Workforce Optimization

Zenefits

Improved staffing, efficiency, and productivity. Workforce optimization helps you secure the appropriate number of workers to manage business demands at all times. During busy seasons, you can use WFO to determine whether to bring in additional workers, such as through a staffing agency or contingent workforce. Scheduling.

article thumbnail

What is the Difference Between HRM and HRD?

HR Lineup

It involves activities like training and development, career planning, organizational development, and performance management. Training and Development: Providing employees with the necessary skills, knowledge, and resources to perform their jobs effectively and advance in their careers.

article thumbnail

What are some best practices for talent management metrics?

Best Of HR

From employee mobility to net talent exporter, here are 10 answers to the question, “What are the most important talent management metrics, and why?” Peter Bryla , Community Manager, ResumeLab Turnover Turnover is the best talent metric because it provides a great level of insight.

Metrics 75
article thumbnail

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.