Boosting Employee Retention in the Construction Industry to Minimise Turnover

With the labour shortages and the increased amount of reported work-related absences in the construction industry; it is important that key decision-makers explore new and inventive ways to maximise staff retention. According the Office for National Statistics (ONS), the number of insolvencies in the construction industry have increased by 3.7 percent in the period of a year as a result of labour shortages. With each person who leaves the industry, it is reported that this equates to £11,000 per person in staff turnover. If construction leaders understood the costs of staff turnover upon their businesses, this could reduce industry insolvencies.