2007-04-26 09:50:35 · 3 answers · asked by djmunchkin 1 in Business & Finance ➔ Other - Business & Finance
A high retention rate normally means as a company you are meeting your employees needs. Often this is an indicator that the company is a good company to work for. The results may include reduction in training and benefits costs and ability to attract higher caliber employees. In the extreme however it can mean that the company is becoming stagnant and may need to attract some fresh blood. Ideally a company wants to keep its best employees and encourage under-performers to leave.
2007-04-26 10:05:28 · answer #1 · answered by jackybill 1 · 0⤊ 0⤋
Beacuse retention rate measures job satisifation of employees. If employees aren't happy, they likely aren't very productive. Ergo, retention rate is a measure of the productivity of company emplyees.
2007-04-26 09:58:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do you mean customers or employees or vendors?
Could you be a bit more specific?
2007-04-26 09:54:14 · answer #3 · answered by TedEx 7 · 0⤊ 0⤋