ECONOMICS

Detailed explanation-1: -How do you measure employee retention? Employee retention is the percentage of employees who remain at a company for a fixed time period. To calculate, divide the number of employees who stayed during a specific time period by the number of employees at the start of time period and then multiply by 100.

Detailed explanation-2: -Investing in training not only makes your employees experts at their jobs, but also helps you retain them. This is because they become better informed and more motivated to progress in their careers, thereby improving employee retention.

Detailed explanation-3: -A retention strategy is a plan that organizations create and use to reduce employee turnover, prevent attrition, increase retention, and foster employee engagement.

Detailed explanation-4: -Employee Development Is the Most Cited Reason for Quitting This shows how important growth is according to employees and how improving it can better attract and retain talent. The study also showed that employees who do not feel they have access to learning and development are two times more likely to leave in a year.