Employee Retention
Employee retention is the ability of an organization to keep its employees over a specific period. While often measured as a simple percentage, retention is truly a reflection of the overall employee experience and the effectiveness of a company’s Total Rewards strategy.
High turnover is particularly prevalent in high-volume industries like logistics, hospitality, and healthcare, and staffing where personal and financial stress is a primary driver for employees leaving in search of immediate relief or better perks.
Why it matters
Improving retention by even a small margin can save an enterprise millions in recruiting, training and lost productivity costs. Addressing the root causes of turnover—such as financial instability—creates a more stable, reliable, and profitable workforce.
Demo Chime
Want to increase employee engagement, loyalty, and job satisfaction? Get unique insights with our holistic financial wellness solution.
