What is Employee retention?

Employee retention: Employee retention refers to the ability of an organization to maintain its employees and prevent turnover. This concept is vital in managing human resources, as high retention rates are often indicative of employee satisfaction, engagement, and a positive workplace culture. Effective retention strategies focus on ensuring job satisfaction, providing competitive salaries and benefits, fostering professional growth, and maintaining a healthy work-life balance. Successful employee retention is essential for an organization's stability and growth, as it helps preserve valuable knowledge and experience, reduces the costs and disruptions of recruitment and training, and enhances overall productivity and morale.