employee retention

Definition

An effort by a business to maintain a working environment which supports current staff in remaining with the company. Many employee retention policies are aimed at addressing the various needs of employees to enhance their job satisfaction and reduce the substantial costs involved in hiring and training new staff.

Use employee retention in a sentence

  • Fast food restaurants such as Burger King usually have a low employee retention rate because people are more often willing to leave low paying jobs than high ones.

    Was this Helpful?   (25)   (0)
  • With the cost to recruit and train new employees growing year after year many companies are working on creative ways to increase employee retention to keep their most talent workers,

    Was this Helpful?   (25)   (0)
  • You need to always keep a good working environment to ensure that you always have a high employee retention rate.

    Was this Helpful?   (25)   (0)
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/employee-retention.html

Have a question about employee retention? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z