Small Business Glossary and Definitions
What is Employee Retention?
Employee Retention means a company’s ability to keep its employees. It can be measured either by a simple figure (such as number or percentage of employees still with the company after a given time period) or by how many of the same people remain with the company.
Then there’s companies that measure their employee retention based upon how many, and/or which, top performers have remained with the company for a certain time period. Low employee retention can the result of low wages, long hours, bad working conditions, poor supervisors, low morale, lack of recognition and absence of a clear promotion or career path.