RETENTION

Retention

Retention is the ability of an organization to keep its employees and prevent them from leaving. High retention rates are crucial for organizational success for several reasons.

Reduced Costs: Hiring and training new employees is expensive. Retention helps minimize these costs by keeping existing employees who are already familiar with the organization and their roles.
Increased Productivity: Experienced employees are often more productive than new hires.
Improved Morale: When employees feel valued and engaged, they are more likely to stay with their company.
Enhanced Innovation and Creativity: A stable workforce with diverse perspectives fosters a more innovative and creative environment.
Stronger Employer Brand: A reputation for high retention attracts top talent and helps organizations stand out from the competition.