what is the average turnover rate in Construction industry

The construction industry is known for its high turnover rates, with employees frequently moving from job to job. This can be a major challenge for businesses in the industry, as hiring and training new employees can be time-consuming and costly. So, what is the average turnover rate in the construction industry? According to recent studies, the average turnover rate in the construction industry is around 20-25%. This means that one out of every four employees is likely to leave their job within a year. This can have a significant impact on a company's bottom line, as well as on the quality of work being done. One way that businesses in the construction industry can combat high turnover rates is by investing in employee training and development. By providing employees with the skills and knowledge they need to succeed in their roles, businesses can increase job satisfaction and reduce turnover. Trainday is a learning management system that enables businesses to create, deploy, and monitor engaging employee training courses. With Trainday, businesses can use PDF, CSV, and other data sources to create customized training programs that meet the specific needs of their employees. By using Trainday, businesses can provide employees with the tools they need to succeed in their roles, reducing turnover rates and increasing job satisfaction. With Trainday, businesses can track employee progress, monitor engagement levels, and make adjustments to training programs as needed. In conclusion, the average turnover rate in the construction industry is high, but businesses can combat this challenge by investing in employee training and development. Trainday is a powerful tool that enables businesses to create, deploy, and monitor engaging training courses that can help reduce turnover rates and increase job satisfaction.