What is meant by "employee retention"?

Employee retention refers to the ability of an organization to keep its employees and minimize turnover. This is a crucial aspect of human resources management, as high turnover rates can be costly and disruptive to a business. When an organization successfully retains its employees, it benefits from a more experienced workforce, improved morale, and reduced recruitment and training costs. Retaining employees often involves creating a positive work environment, offering competitive compensation and benefits, providing opportunities for career growth, and fostering strong relationships between staff and management.

Other options, though related to employee management, do not accurately capture the essence of retention. Disciplining underperforming staff is focused on managing performance issues rather than addressing the broader goal of keeping employees in the organization. Similarly, the frequency of hiring new staff does not contribute to retention but instead reflects turnover, and training provided to new employees primarily addresses onboarding rather than the retention of existing staff.