Employee Retention Rate
Definition
What is Employee Retention Rate?
Retention rate measures how many employees stay over a set time. SMEs track it to understand turnover, plan hiring, and improve engagement strategies. High retention reduces costs and builds culture.
Why it Matters for SMEs
- Reduces hiring costs
- Improves culture
- Builds stability
Example in Practice
"Factorial reports retention rates by team."
Frequently Asked Questions
Common questions about employee retention rate
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