Retention
Definition
What is Employee Retention?
Retention is the ability to keep employees over time. SMEs track it as the inverse of turnover. High retention reduces hiring costs and improves knowledge continuity.
Why it Matters for SMEs
- Saves costs
- Builds culture
- Improves productivity
Example in Practice
"SMEs use Factorial surveys to identify drivers of retention."
Frequently Asked Questions
Common questions about retention
Explore More HR Terms
Continue building your HR knowledge with our comprehensive glossary