HR Glossary

Employee Retention

Employee retention refers to practices, policies and the overall strategy designed to retain its best employees thus reducing the turnover.

what-is-employee-retention

Employee retention definition

Employee retention refers to practices, policies and the overall strategy designed to retain its best employees thus reducing the turnover.

Employee retention is the main focus area of the company’s HR department.

Importance of Employee retention

A lot of resources are spent in attracting the best talent to the company. When the employees stay longer with the company they become integral part of the company and the position which means when they leave the company loses a valuable member of the team.

And these members are always hard to replace. So it is wiser to retain the employee and make sure he/she remains motivated.

Advantages of Employee Retention

1. A lot of investment is needed to train an employee and to make him productive. The employee retention makes sure the employee stays and applies the learning for the growth of the organization.

2. Employee retained in organization feel part of the overall vision and become better contributors in the long run.

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