Tag: Turnover
-
Turnover in Construction: Why Workers Leave and How to Keep Them
A new analysis published in Issue 2 of ADP Research’s Today at Work 2025 report analyzed five years of ADP payroll data to uncover employee turnover trends. Timely, ADP Research found employee turnover jumps in the summer months of June, July and August to 3.56%. By comparison, turnover in the non-summer months sits at 3.14%.…
-
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…
-
How Construction Companies Are Replacing CFO Turnover with Team-Based Financial Leadership
In today’s construction industry, uncertainty is a constant. Volatile material costs, protracted billing cycles and razor-thin margins place significant strain on management teams. For many mid-sized subcontractors and GC’s, an emerging challenge is a revolving door in financial leadership – high turnover in the CFO role is creating a dangerous blind spot. Research shows that…