Retention

Employee retention refers to the ability of an organization to retain its highly performing employees and decrease their turnover, thereby decrease recruitment and training costs and loss of talent and organizational knowledge.

Retention can be represented by merely statistic (for example, a retention rate of 90% usually indicates that an organization kept 90% of its employees in a given period). However, many organizations perceive employee retention as their plans and activities to retain highly performing employees (talents) in the workforce. In this sense, retention becomes the strategy rather than the outcome.