How to Retain Employees in the Construction Industry
Worker shortages and high turnover rates continue to hinder the construction industry. Amid what economists have labeled the tightest labor market in history, the hiring shortfall has been staggering. At the same time, the quit level increased nearly 21% from May 2021 to May 2022. Retaining the talented tradespeople and skilled laborers you already have working for you should be a top priority.
Taking steps to engage, reward and protect your workforce can pay huge dividends in employee retention. We have five strategies for you to put into action.