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.

See TalentLyft in action

Applicant Tracking, Recruitment Marketing, Sourcing and Talent CRM software are powerful alone, but unstoppable when used together!

Related content

  • Abandon rate

    Abandon rate is one of the most important HR metrics. They show HR professionals how optimized and user-friendly their job application forms and process are.  Abandon rate...

  • Benchmarking

    Benchmarking is a type of measurement technique to evaluate the quality of organizations's policies, products and strategies using specific standards to make comparisons between different organizations...

  • Buzz Marketing

    Buzz marketing is a viral marketing technique which tries to make close, spontaneous interaction with consumers instead of an obvious marketing pitch.Buzz marketing definition Buzz marketing...

  • Change Management

    Change management is a collective term which refers to an overarching, guided process for transitioning individuals, teams or organizations from one state to another.Change management definitionChange...

  • Crowdsourcing

    Crowdsourcing means obtaining services, work, information or opinions from a large independent group of people, most often from an online community, rather than from traditional type...

  • Diversity

    Diversity refers to the collective mixture of similarities and differences among company's employees such as: age, individual and organizational characteristics, values, beliefs, experiences, cultural background, religion,...

Explore more topics

  • Training and Development

    Training and development of your existing and new employees is what drives organizational success in the long term. By giving your people opportunities to educate themselves and improve their skills and expertise, you create a culture of learning, reducing turnover and improving productivity. Learn all the best practices and set up your employees for success!

    Learn more

  • HR Software

    Let HR technology make your work life easier! Streamline your HR processes, from payroll and benefits to talent management and recruitment, with powerful HR software. Save time, reduce manual tasks, and focus on strategic initiatives by working smarter, not harder.

    Learn more

  • News & Updates

    TalentLyft is constantly improving as we're implementing new features and integrations. In this section you'll find all of our recent updates and and integrations we've implemented to make every user's experience the best it can be!

    Learn more

  • Recruitment AI

    Leverage the power of Recruitment AI to enhance your hiring process. Discover how artificial intelligence can automate candidate sourcing, improve talent matching, reduce bias, and streamline decision-making. Stay ahead with AI-driven recruitment strategies that help you attract top talent efficiently and effectively.

    Learn more

  • Coronavirus (Covid-19)

    Discover how to navigate and survive the coronavirus (Covid-19) crisis by turning challenges into opportunities. Learn strategies for adapting your workforce, supporting remote work, maintaining employee engagement, and ensuring business continuity. Stay resilient and transform obstacles into growth during this unprecedented time.

    Learn more

  • Culture Fit

    Ensure culture fit in your hiring process with strategies that align candidates’ values and behaviors with your company’s culture. Learn how to assess cultural compatibility during interviews, foster a positive workplace environment, and build a team that not only excels in skills but thrives within your organization's unique culture.

    Learn more

Simple and affordable recruitment software

Schedule a Demo Start Free Trial