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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. However, retaining top talent in your call center is crucial for maintaining customer satisfaction, reducing recruitment and training costs, and fostering a positive work environment.

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The Hidden Cost of Quiet Quitting: Strategies to Address this Growing Trend

EmployeeConnect

It can lead to higher recruitment and training costs, lower productivity and decreased morale among remaining employees. The cost of employee turnover resulting from quiet quitting may impact the organisation’s bottom line. Encourage team building activities, foster open communication and encourage teamwork.

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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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3 Ways to Make Hourly and Seasonal Workers Feel Valued

Visier

The staffing run-up to the holiday shopping season is a stark reminder of how vital seasonal, contract and hourly workers are. Turnover, low engagement and lost productivity cost employers billions each year. UPS is currently hiring 100,000 workers , and Target is bringing in another 130,000.

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

Analytics in HR

HR responsibilities Recruitment: HR works with hiring managers to hire the most qualified candidates for the company’s open positions. 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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Everything You Need to Know About Workforce Optimization

Zenefits

Improved staffing, efficiency, and productivity. During busy seasons, you can use WFO to determine whether to bring in additional workers, such as through a staffing agency or contingent workforce. Increased retention. This ultimately lowers your turnover rate and costs. Team-building activities. Onboarding.