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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. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%. High attrition rates have long plagued the call center industry.

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

EmployeeConnect

Quiet quitting refers to the act of resigning from a job without making a formal announcement. 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.

Strategy 130
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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.

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25 Best Team-Building Activities in the Workplace in 2024

Terryberry

Team building might seem like a non-essential business exercise, but it's a valuable investment in employee loyalty, retention, performance, and satisfaction. That's not just hyperbole, either—team-building drives results, and study after study shows it. What Is Team Building? Just ask WeWork.

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Top 12 Proven Employee Retention Strategies

Terryberry

Employee retention is a hot topic in the world of human resources. It's no secret that employee turnover can be costly for businesses - both in terms of money and lost productivity. Without engagement, retention becomes even more of a challenge. What is Employee Retention and Why is it Important?

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5 ways to increase employee retention

Hppy

Employee retention refers to an organization’s ability to attract and retain talent and not all businesses take it as seriously as they should. . With so much competition for top talent and competitors constantly on the lookout for opportunities to scoop up high-performers, below are 5 ways to increase employee retention. .