Employee Retention
An organization's ability to keep its employees over time, measured as a retention rate. High retention reduces recruiting costs, preserves institutional knowledge, and maintains team cohesion.
Examples
- Calculating annual retention and turnover rates
- Exit interviews to identify why employees leave
- Stay interviews to understand what keeps employees
- Retention bonuses for high-performing staff
Related Terms
The emotional commitment and enthusiasm an employee has toward their organization and its goals. Engaged employees are more productive, deliver higher quality work, and are less likely to leave.
The structured process of managing an employee's departure from an organization, including knowledge transfer, exit interviews, return of company assets, and access revocation.
The total combination of pay and benefits an employer offers to an employee, including base salary, bonuses, equity, health insurance, retirement contributions, and non-monetary perks.
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