I hope you enjoy reading this article.

If you want peopleHum to help you simplify HR and redefine your employee experience, just book a call

Book a CallBook a call
Glossary Home
Table of Contents

Retention strategy

What is Retention strategy?


Retention strategy refers to the policies and plans that organizations follow to reduce employee turnover, prevent attrition, and ensure employees are productive in the long term. The main challenge of a retention strategy is to ensure that organizations meet the expectations of employees without losing sight of its goals. This is to ensure maximum return on investment. 

Retention strategy


Benefits of a Retention strategy


The main benefit of a retention strategy is the outcome itself - the ability to retain employees. However, there are other notable benefits of an effective retention strategy, such as:



An effective retention strategy is not only a great solution to curb higher-than-average turnover, but is a good idea for any organization that wants to improve its culture, employee experience, business services, and more. 


Retention strategies


1. Providing employees with challenging and meaningful work.

2. Investing in employees’ professional development and training them in cross-disciplinary skills.

3. Offering benefits package.

4. Adopt a social recognition system to recognize high performing employees.

5. Creating a culture of open communication.

6. Not overburdening employees.

7. Establishing clear expectations and policies.

No Search results found

Retention strategy

What is Retention strategy?


Retention strategy refers to the policies and plans that organizations follow to reduce employee turnover, prevent attrition, and ensure employees are productive in the long term. The main challenge of a retention strategy is to ensure that organizations meet the expectations of employees without losing sight of its goals. This is to ensure maximum return on investment. 

Retention strategy


Benefits of a Retention strategy


The main benefit of a retention strategy is the outcome itself - the ability to retain employees. However, there are other notable benefits of an effective retention strategy, such as:



An effective retention strategy is not only a great solution to curb higher-than-average turnover, but is a good idea for any organization that wants to improve its culture, employee experience, business services, and more. 


Retention strategies


1. Providing employees with challenging and meaningful work.

2. Investing in employees’ professional development and training them in cross-disciplinary skills.

3. Offering benefits package.

4. Adopt a social recognition system to recognize high performing employees.

5. Creating a culture of open communication.

6. Not overburdening employees.

7. Establishing clear expectations and policies.

About peopleHum

PeopleHum is an end-to-end, one-view, integrated human capital management automation platform, the winner of the 2019 global Codie Award for HCM that is specifically built for crafted employee experiences and the future of work.

Get Started Free