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Employee Retention Risk

oboloo Glossary

Employee Retention Risk

Employee Retention Risk is the potential risk that a company will not be able to retain its current and valuable employees. This can negatively affect the organisation’s ability to perform at peak levels and achieve its objectives. Employee retention risk is determined by a range of factors, such as internal organizational culture, external market forces, and employee morale. A successful employee retention strategy helps an organisation create a workplace environment that encourages employees to stay, while providing them with the right incentives and benefits. Efforts should also be in place to ensure that employees are engaged and motivated, and their skills and potential are recognised and developed. Ultimately, by taking proactive measures to address employee retention risk, companies can protect their bottom line – and support a thriving organization.

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