What is a "Retention"? The Most Authoritative Explanation.
What is employee retention?
Employee retention refers to the ability of a company to prevent employee turnover. In other words, it is the company's concerted efforts to retain their existing staff and keep their best employees on board in order to succeed as a business.What are the principles of retention?
The principles of retention explain the outcome. At a high level, you can be assured that retention always takes precedence over permanent deletion, and the longest retention period wins. These two simple rules always decide how long an item will be retained.What is customer retention and why is it important?
Customer retention is the simple concept that customers can repeat business with you. By having a solid customer retention of customer loyalty strategy, you can maximize your marketing. Ultimately you will get a higher lifetime value (LTV) per customer, which makes your client outreach more effective long term.What are the best strategies for employee retention?
One of the most important strategies for employee retention is to build up your workers’ engagement with your organization. A disengaged employee may have lower morale, cause losses in productivity and generally bring down your company.
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