What is the biggest reason skilled trades workers quit their jobs?

The top reasons skilled trades workers quit include below-market pay, lack of career advancement, poor management, feeling undervalued, and unsafe working conditions. Competitive wages and respectful culture are key retention drivers.

How much does it cost to replace a skilled trades worker?

Replacing a skilled trades worker can cost 50-200% of their annual salary when factoring in recruiting fees, training, lost productivity, and overtime costs for remaining workers.

What retention benefits matter most to skilled tradespeople?

The most valued retention benefits for skilled tradespeople include competitive pay and bonuses, health insurance, retirement plans, tool allowances, overtime opportunities, and clear paths for career advancement.

How do I build a retention strategy for my trades company?

Build a retention strategy by conducting regular pay audits, creating defined career ladders, offering training and certifications, improving worksite culture, providing regular recognition, and conducting stay interviews with your best workers.

What is the average turnover rate in the skilled trades?

The average annual turnover rate in skilled trades ranges from 25-40% depending on the industry. HVAC and construction tend to have higher turnover, while specialized trades like elevator installation see lower rates.