employee-retention

Vocabulary Word

Definition

In a working context, 'employee retention' refers to the strategies or practices used by a company to keep its employees from quitting. Think of it like keeping a team united and motivated.

Examples in Different Contexts

In compensation and benefits, 'employee retention' can be enhanced by offering competitive salary packages and benefits. A compensation analyst might note, 'Regular market salary reviews ensure our compensation packages remain attractive and support our employee retention efforts.'

Practice Scenarios

Business

Scenario:

The team's morale is dropping lately. We need to consider some mechanisms to boost their spirits.

Response:

I think we should devise a comprehensive employee retention strategy. It could include employee recognition programs and professional development opportunities.

Creative

Scenario:

Our designers seem unsatisfied and burned out lately. We need to investigate what's causing dissatisfaction and rectify it.

Response:

Employee retention could likely be improved by encouraging more creative freedom and implementing regular feedback discussions.