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

Explore more topics

  • Video in Recruitment

    Discover how incorporating video can enhance your recruitment strategy. From video job postings to candidate video submissions and virtual interviews, video adds a personal touch, increases engagement, and streamlines the hiring process. Learn how to use video to attract, assess, and connect with top talent more effectively.

  • Recruitment by Industry

    Tailor your recruitment strategies to fit specific industries. Learn the unique challenges and best practices for hiring in sectors like healthcare, tech, retail, finance, and more. Discover industry-specific approaches to sourcing talent, crafting job descriptions, and optimizing your recruitment efforts for success.

  • Compensation and Benefits

    Compensation and benefits have always been among the top priorities to job seekers, and it will stay that way. But that is a good thing of course - because well-compensated employees who feel extra valued by additional benefits give more, and give their best. Because they have a reason to. Learn how to stand out in the talent market as an employer of choice, providing the best compensation and benefits plans, and getting the most productive and committed employees in return!

  • Best HR Blogs

    If you’re an HR professional seeking a stimulating read, explore these top HR blogs. Stay informed with the latest industry insights, trends, and expert advice. From talent management to recruitment strategies, these blogs offer valuable content to help you stay ahead and succeed in the dynamic world of HR.

  • Attracting Candidates

    Discover innovative methods for attracting top candidates and winning the talent war. Learn how to strengthen your employer brand, leverage social media, create engaging job postings, and use targeted marketing strategies to stand out in a competitive job market. Attract and secure the best talent to drive your organization’s success.

  • 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.

Simple and affordable recruitment software