Staff retention is the number of people that leave a business compared to the number who join in a set period, usually a year.
Employees Who Started
Employees Who Left
Ideally a business will want to keep this at 1 or above. This means that the number of people in their organisation is never declining.
When an organisation sees a decline in their staff this can lead to an increased workload on remaining staff and a possible lack of continuity in work standards.
It is important to remember that staff churn is expected. As people retire, explore new career paths and have children, businesses will have to employ new people. But minimising this churn is important for businesses who want to grow.