Employee Retention is an effort by a business to maintain a working environment that is the ability of an organisation to retain its employees.
Reference Definition by Managementstudyguide.com: Employee Retention refers to the various policies and practices which let the employees stick to an organisation for a longer period of time. Every organisation invests time and money to groom a new joinee, make him a corporate ready material and bring him at par with the existing employees. The organisation is completely at loss when the employees leave their job once they are fully trained. Employee retention takes into account the various measures taken so that an individual stays in an organization for the maximum period of time.
Related Definitions in the Project: The Project Management
