Description: Job Retention Rate is a key indicator that reflects the percentage of workers who remain in a company over a specific period, usually a year. This percentage is calculated by dividing the number of employees who remain in the organization at the end of the period by the total number of employees at the beginning, multiplied by 100. A high retention rate indicates that the company is able to keep its employees, which can be a sign of a positive work environment, effective management practices, and opportunities for professional development. Conversely, a low retention rate may signal issues in organizational culture, lack of motivation, or job dissatisfaction. The retention rate is crucial for workforce stability and has significant financial implications, as employee turnover can be costly in terms of recruitment, training, and loss of knowledge. Therefore, companies often closely monitor this metric to implement strategies that foster employee loyalty and engagement.
