HR Glossary / Employee Retention

Employee retention refers to the capacity of an organization to retain its employees and therefore reduce turnover.

What Are Examples of Employee Retention Strategies?

Organizations retain employees by fostering a positive work environment, promoting engagement, showing appreciation, and providing competitive conditions. Common employee retention strategies include:

  • Having a strong onboarding process;
  • Creating mentorship programs;
  • Giving competitive compensation;
  • Offering perks such as flexible schedules and additional days off;
  • Promoting constructive and positive communication;
  • Giving feedback on performance;
  • Having a recognition and reward program;
  • Fostering strong relationships.

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