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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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Employee Turnover in the Healthcare Industry: 5 Main Causes

HSD Metrics

Although every industry is dealing with high turnover and staff shortages, healthcare professionals have been the most affected and have experienced the greatest pressure in the last few years. Highly-skilled, experienced nurses with incredible bedside manners are vital to any healthcare system.

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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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Optimizing Hiring and Retention Strategies for Healthcare Workers

Payactiv

Everything you need to know about Healthcare Hiring Healthcare executives agree that the greatest challenge to hospitals and health systems in 2022 was a chronic staff shortage, fueled by industry-wide competition for top talent and high turnover rates. In 2020, hospital registered nurse turnover was 18.7% (U.S.).

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Four Ways to Achieve Better Employee Retention in Healthcare??

Sterling Check

According to a recent NSI Nursing Solutions report , the turnover rate in hospitals now stands at 25.9%, resulting in the average hospital losing between $5.2M-$9.0M each year in associated turnover costs. Addressing employee retention can help lower costs associated with hiring, boost employee morale, and reduce turnover.

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5 ways to strengthen your onboarding and boost ‘time-to-productivity’

HRExecutive

An efficient and effective onboarding process is critical for helping employees gain this knowledge and for maintaining workforce productivity, engagement and retention more broadly. When onboarding takes too long, new hires may experience boredom, make mistakes and feel inadequate, which can lead to stress, job dissatisfaction and turnover.

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3 Key Healthcare HR Trends for 2023 and Beyond

Precheck

Automating HR Processes Many organizations across industries run on legacy systems, and healthcare is no exception. Many of these outdated systems keep healthcare organizations running and help them manage patient information. This forces HR professionals to be more transparent, inclusive, as well as humanize the experience.”