Retention Strategy

What is a Retention Strategy?  

Retention strategy is a plan that organizations develop and execute to reduce employee turnover, increase employee retention, improve employee experience, and foster employee engagement. Building a retention strategy can help in preventing voluntary turnover which can save a lot of time and money.  

Benefits of having a retention strategy 

  • Reduces turnover 
  • Lowers hiring costs 
  • Increases employee productivity 
  • Improves employee satisfaction 
  • Develops stronger work relationships 
  • Reduces work-related stress 
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Hanan Ashraf
A strong believer in the power that words have over people, Hanan works on producing content that is creative but at the same time graspable for readers. A content writer and digital marketing intern, she loves to write about automation, HR, performance management, and employee wellbeing.