Definition | Employee retention rate measures the percentage of employees who remain with the company over a specified period of time. |
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Calculation | (Total number of employees who remained employed during the period/Total number of employees at the start of the period) x 100 |
Unit of Measurement | Percentage |
Function | Core HR |
Method of Estimation | Count employees at the start and end of the period and calculate the ratio. |
Timeframe | Annually |
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