Retention Metrics
What are Retention Metrics?
Retention metrics are data points that measure an organization’s ability to retain employees over time, such as turnover rates and length of service.
Why they're Important
Tracking retention metrics helps organizations understand workforce stability and identify areas for improvement in employee engagement and satisfaction.
Retention Metrics in Practice
Common retention metrics include voluntary and involuntary turnover rates, employee tenure, and internal mobility rates.
Benefits of Retention Metrics
- Identifies trends in employee satisfaction and engagement.
- Helps organizations make data-driven decisions to improve retention.
- Reduces costs associated with high employee turnover.
Best Practices for Measuring Retention Metrics
- Regularly analyze turnover rates and exit interview feedback.
- Benchmark retention data against industry standards.
- Use insights to refine hiring, onboarding, and engagement strategies.