Employee retention is important. Period. An employee retention rate is a clear marker of how a company is performing. If your productivity is up, it is likely your turnover rate is low—happy employees are more productive workers. If your company is losing revenue, high turnover could be to blame. Implementing a retention strategy is paramount to maintaining a workforce that is happy, works hard and cares about your company’s success.
What is employee retention?
Employee retention involves specific actions that companies implement to keep their employees motivated and focused. The idea is the more motivated and engaged workers are,