Employee Retention is the strategy and effort to keep talented employees within an organization by enhancing satisfaction, offering growth opportunities, and addressing concerns.
- What is employee retention?
Answer: It is the strategy to keep talented employees by enhancing satisfaction. - What factors improve retention?
Answer: Factors include competitive pay, career development, and recognition. - Why is retention important?
Answer: It reduces costs, preserves knowledge, and maintains stability. - How can HR improve retention?
Answer: HR can offer benefits, conduct stay interviews, and address issues. - What are signs of low retention?
Answer: Signs include high turnover and frequent job postings.
