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Staff Retention Rate

oboloo Glossary

Staff Retention Rate

Staff Retention Rate is a measure of an organization’s ability to keep its employees over time. It is calculated by dividing the number of employees after a period of time by the number of employees at the beginning of that same period, multiplied by 100. A high staff retention rate means that the organization has successful methods of engaging, retaining, and developing their workforce. Companies must stay on top of the latest industry trends to ensure they are providing employees with the best possible working environment to maximize staff retention rates.

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