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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? What is employee retention?

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What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Why is employee turnover expensive?

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Top 10 Employee Appreciation Messages

HR Lineup

Recognizing their hard work and dedication through employee appreciation messages can boost morale, increase productivity, and strengthen workplace relationships. Engaged employees are motivated to go above and beyond, which can lead to increased productivity and better results for the company.

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Employee Turnover Rate: How to Calculate it (& Tips for Improvement)

Semos Cloud

Employee Turnover Rate: How to Calculate it (& Tips for Improvement) . Employee turnover is costing companies money and resources. Find out why your employees quit and how to reduce your turnover rate. Many organizations today struggle with high employee turnover rates. July 10, 2020.

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30 Amazing Ideas for Employee Appreciation Day

EmployeeConnect

National Employee Appreciation Day: Friday, 3 March, 2023. Do you want to boost your employee retention and overall productivity? One of the best practices is employee appreciation for inspiring your team and making them feel valued. 30 Staff Appreciation Ideas to Keep your People Happy.

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Turnover vs. Attrition: Key Differences Plus How To Calculate Each 

Analytics in HR

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

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3 Employee Retention Best Practices

Achievers

We’ve all faced retention struggles : turnover, absenteeism, low morale and sluggish productivity. But if you already offer competitive compensation, what else can you do to make employees want to stay? Employees join your company to make a living, but stay for the recognition. Do you have any thoughts on this article?