What do you mean retention?

1 : the act of continuing to possess, control, or hold moisture retention. 2 : the power or ability to keep or hold something memory retention. retention. noun. re·​ten·​tion | \ ri-ˈten-chən \

What does retention mean in the workplace?

Employee retention is the organizational goal of keeping talented employees and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, and providing competitive pay and benefits and healthy work-life balance.

What is retention in business?

Customer retention refers to the ability of a company or product to retain its customers over some specified period. High customer retention means customers of the product or business tend to return to, continue to buy or in some other way not defect to another product or business, or to non-use entirely.

What is an example of retention?

The ability to recall or recognize what has been learned or experienced; memory. Retention is the act or condition of keeping or containing something. An example of retention is a dam holding back a river.

What is the difference between retain and retention?

In context|obsolete|lang=en terms the difference between retention and retain. is that retention is (obsolete) a place of custody or confinement while retain is (obsolete) to belong; to pertain.

What is a retention process?

Retention is defined as the process by which a company ensures that its employees don’t quit their jobs. Every company and industry has a varying retention rate, which indicates the percentage of employees who remained with the organization during a fixed period.

What is retention process?

What are retention issues?

Retention issues is when an organization has issues with retaining its employees or customers. According to Neil Patel, Managing Partner of Annison Capital Partners, in the context of customers, it can occur due to: poor customer service. lack of customer appreciation. their needs are ignored.

What is a retention list?

A retention schedule is a list of the the types of records (record series) created and received by an institution. Records Management Services writes the retention schedules used by the University.

What is a retention strategy?

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

Why is retention important?

Retention of a positive and motivated employee is very important for the organization’s success. High employee turnover increases the expenses and also has a negative impact on the organization’s morale. Performance and Productivity Maintenance − Employee retention practices help support an organization’s productivity.

What is the retention money?

What is retention money? Retention money is an amount held back from a payment made under a construction contract. It is generally held to ensure that a contractor performs all of its obligations under the contract, and is then released either on practical completion or after the end of a defects notification period.