Definition of Employee retention:
An effort by a business to maintain a working environment which supports current staff in remaining with the company. Many employee retention policies are aimed at addressing the various needs of employees to enhance their job satisfaction and reduce the substantial costs involved in hiring and training new staff.
How to use Employee retention in a sentence?
- You need to always keep a good working environment to ensure that you always have a high employee retention rate.
- With the cost to recruit and train new employees growing year after year many companies are working on creative ways to increase employee retention to keep their most talent workers,.
- Fast food restaurants such as Burger King usually have a low employee retention rate because people are more often willing to leave low paying jobs than high ones.
Meaning of Employee retention & Employee retention Definition