HR Glossary

Retention

Retention refers to an organization's ability to retain its potential candidates/employees for an extended period.

Retention

Retention refers to an organization’s ability to retain its potential candidates/employees for an extended period. A higher retention rate would indicate the success of the organization in cherishing its employees through employee well-being and engagement initiatives. Employees are most likely to leave the organization to look for other opportunities if they are not given reasons to continue their stay. HRs employ many retention strategies to keep their employees committed to the organization. Retention tactics are also employed during recruitment to retain ideal candidates throughout the recruitment journey.  

Use cases:

Keeping track of talent retention rates is essential to predict turnover possibility and take measures to mitigate the risk involved with it. Employee retention is usually ensured through factors such as job satisfaction, engagement, performance, and tenure. Insights can be gained from ex-employee surveys to identify the other factors that contribute to employee turnover. To retain talents, HR managers usually conduct various career development and training programs, offer flexible work arrangements, and appreciate employee achievements with suitable rewards and recognitions.

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