What is Retention?

For a while now I have done research into what people within HR and Businesses believe by retention. The following statement summarises what the average view is:

Employee retention is the effort by employers to encourage current employees to remain employed with the organisation. Programs such as learning and development, rewards, and recognition, succession planning and providing policies and practices that address their needs are examples of ways of retaining employees. 

I believe that although this is true it also fails to properly define true retention. Retention is often overlooked regarding knowledge and skills. It is impossible for a business to retain the employees forever. Businesses need to ensure that their retention plans also achieve to retain knowledge and skills, with the right training plans and mentoring in place businesses should be able to ensure nothing is lost from the business.

Like most things with HR I believe it’s important to get the balance right, if done correctly the employee, mentor and business will benefit and become more competitive.

3 thoughts on “What is Retention?

  1. internetsite

    We’re a gaggle of volunteers and starting a new scheme in our community. Your site offered us with useful info to work on. You’ve done a formidable activity and our whole neighborhood will probably be thankful to you.

  2. Emily

    I really enjoy studying on this web site , it contains wonderful content . “The longing to produce great inspirations didn’t produce anything but more longing.” by Sophie Kerr

  3. Richard Blackman

    Are grateful for this blog post, it’s tough to find good information and facts on the internet.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>