Employee Retention refers to the ability of an organization to keep its employees and maintain a low turnover rate. It is measured by taking the number of employees who leave during a specific period, divided by the average total number of employees during that same period. Turnover, on the other hand, is the opposite of employee retention – it’s when employees resign or are dismissed from their positions. It can be useful to measure both turnover and retention, to help identify areas of strength or weakness in personnel management and make adjustments accordingly. High turnover can indicate a lack of job satisfaction or compensation, while low turnover can suggest excellent policies and better recruitment practices. By understanding the factors influencing retention and turnover, you can create an effective plan for hiring, onboarding, and engagement that will help your organization retain top talent.