Employee retention
Workforce Management Glossary
Employee retention
What is employee retention?
Employee retention is the term used when employees choose to stay with their current company rather than looking to pursue opportunities elsewhere. A high employee retention rate will be key to a company’s short and long term success.
Why is employee retention important?
Employee retention is one of HR’s main priorities. This is largely because when employee turnover rates are high, key resources such as time and money are being wasted on developing talent that no longer works for the company.
With this in mind, employee retention is paramount. By fostering an environment where employees want to stay for the long term, time and monetary resources are being maximised. In addition to this, workplace morale and productivity levels increase.
How can a business manage employee retention?
Employees will choose to leave companies for a variety of different reasons. While a business cannot prevent turnover altogether, there are strategies that can be implemented to minimise turnover rates and maximise retention.
Facilitating employee retention can range from developing remote work and flexible working policies to empowering employees to manage their leave and shift swapping efficiently and effectively. With Roubler’s workforce management software, this can all be done at the touch of a button.