How do you track employee retention rates?
Employee retention is a key indicator of how well your organization is engaging, developing, and retaining its talent. It can also affect your productivity, performance, and reputation. But how do you track employee retention rates and identify the factors that influence them? In this article, we will explain what employee retention rates are, how to calculate them, and how to use them to improve your HR operations.
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Automate retention tracking:Use HR software to streamline the process. This simplifies data collection and reporting, letting you focus on actionable insights rather than manual calculations.### *Analyze exit reasons:Conduct exit interviews to understand why employees leave. This qualitative data can highlight areas for improvement, helping you design better retention strategies.