How to Increase Employee Retention Rate - The LEAD Enquiry

Employee retention refers to an employer's or company's capacity to maintain personnel in the organization. It is the organization's capacity to reduce attrition and maintain a low personnel turnover rate. This assesses and gauges how well the firm is doing in terms of employee retention. If a firm is able to keep its employees, it usually signifies that it is doing well and is most likely paying them a fair compensation and giving them with job security.

Many small to medium-sized businesses overwork their employees by assigning heavy tasks six days a week but providing less paid leave than they deserve. Those who remain are either settling or looking for better opportunities elsewhere. As a result, the retention rate is low. A winning employee retention rate will always include a competitive salary package, compensation, and company benefits.