What does "employee retention" imply?

Employee retention refers to the ability of an organization to keep its employees and reduce turnover. This concept is crucial because high employee turnover can lead to increased costs associated with recruiting, hiring, and training new staff. By focusing on retention, organizations aim to create a work environment that engages and satisfies employees, ultimately fostering loyalty and reducing the likelihood that they will leave. Effective employee retention strategies often include competitive compensation, professional development opportunities, and a positive workplace culture.

The other choices focus on different aspects of human resource management: training new employees, recruiting replacements, and assessing performance. While these processes are important to overall HR functions, they do not specifically address the concept of retaining existing employees, which is the central idea behind employee retention.