Employee retention definition

 

Employee retention can be overlooked in the enthusiasm of finding new talent and day-to-day tasks, but it is often the deciding factor in whether a company achieves successful and sustainable growth. 

Employee retention affects organisations of all sizes and across all fields, all over the world. 

One recent study showed that 87% of human resources leaders had made improving their employee retention rate as a top priority for the next few years.

However, the same study also showed that, in practice, businesses often neglect to take action until the employee retention rate becomes worryingly low – and then, it’s often very difficult to reverse the trend.

In this guide, read a clear employee retention definition, find out why the topic is so key for businesses, and learn employee retention strategies that will ensure companies are well-equipped to improve their employee engagement and retention rate.