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Employee Retention Rate

Definition: Employee Retention Rate refers to the percentage of employees who remain with a company over a specified period.

This metric is a key indicator of an organization's ability to retain its workforce and is typically calculated by dividing the number of employees who stayed throughout the period by the number of employees at the start of the period, then multiplying by 100 to get a percentage.

Importance:

Understanding and maintaining a high Employee Retention Rate is crucial for several reasons.

Strategies for Improvement:

Improving Employee Retention Rate involves several strategic initiatives.

Other Terms:

Employee Attendance   |   Employee Attrition   |   Employee Availability   |   Employee Behavior   |   Employee Benchmark Report   |   Employee Burnout   |   Employee Communication   |   Employee Costs   |   Employee Dashboard   |   Employee Efficiency Trends   |   Employee Engagement   |   Employee Engagement Analytics   |   Employee Engagement Index   |   Employee Engagement Metrics   |   Employee Evaluation   |   Employee Experience   |   Employee Experience Platforms   |   Employee Growth Rate   |   Employee Life Cycle   |   Employee Location Tracking

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