Definition | This Key Performance Indicator measures the percentage of new hires in operational worker and office staff positions who remain with the company after 12 months of employment. |
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Calculation | Number of operational worker/office staff new hires who remain with the company after 12 months / Total number of operational worker/office staff new hires * 100 |
Unit of Measurement | percent |
Function | Recruit, source and select employees |
Method of Estimation | Data is collected by tracking the number of new hires in operational worker and office staff positions and monitoring their retention after 12 months. |
Timeframe | Measured on an ongoing basis, with data collected and analyzed monthly or quarterly. |
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