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Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).
In 1993, Schmidt et al. proposed a bridge between the pre-existing concept of 'job satisfaction' and employee engagement with the definition: "an employee's involvement with, commitment to, and satisfaction with work. Employee engagement is a part of employee retention."
To determine the Best Workplaces in Retail, Great Place to Work analyzed surveys of more than 1.3 million employees.
Research found that training increases employee retention by 14% across all training measures studied, and 18% for credible training (from external institutions). [9] There is a flip side - the same research found that retention is reduced by up to 2.5% in general when training is visible and portable, and by 4% when credible.
And it seems that bosses have good reason to be worried—of employees who report struggling with burnout or adequate work-life balance, 65% said they will consider leaving their employer if their ...
HR is also a field of research study that is popular within the fields of management and industrial/organizational psychology.One of the important goal of HRM is establishing with the notion of unitarism (seeing a company as a cohesive whole, in which both employers and employees should work together for a common good) and securing a long-term ...