Tag: Loyalty
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How to Reduce Construction Turnover by Building a Culture of Loyalty and Engagement
Employee turnover is notoriously high in construction — outpacing other industries by an average of 2.5% in 2024. This churn carries a steep price. Research shows that hiring and training new construction staff can cost between 50 and 200% of each worker’s annual salary. High turnover also leads to knock-on effects, hindering your ability to…
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How to Navigate the Challenges of Cost and Client Loyalty
Over the past five years, small and midsize construction businesses have been hit hard by supply chain disruptions, inflation, and geopolitical pressures that have driven up material costs and intensified labor shortages. While some market conditions have stabilized since the initial upheaval, many contractors still face persistent challenges, affecting their cash flow and bottom line. …