oboloo

oboloo Glossary

Employee Turnover Retention

oboloo Glossary

Employee Turnover Retention

Employee turnover retention is the rate at which employees remain in an organization over a given period of time. It has a major impact on organizational success and performance, as it demonstrates the effectiveness of recruitment strategies, the effectiveness of management and leadership, the attractiveness of the organizational environment, and employee satisfaction. Keeping a high employee turnover retention rate means that your organization is capable of finding, retaining, and growing top talent over time, resulting in increased stability and improved productivity. Investing in resources that encourage retention as well as learning initiatives to increase engagement and collaboration can lead to better team performance, increased loyalty, and improved profitability.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971