oboloo Glossary

Workplace Retention

oboloo Glossary

Workplace Retention

Workplace Retention is the act of keeping employees in your organization for a prolonged period of time. It involves strategies and policies to promote employee satisfaction and to foster a positive work environment, including items such as competitive salary and benefits, recognition programs, job security, improved working conditions and flexible hours. Retaining employees helps to build a strong and loyal work force, resulting in higher productivity, lower turnover costs, and improved customer service. All in all, it helps make the workplace a happier and more productive place for everyone involved!