Employee Retention
/ɪmˈplɔɪi rɪˈtɛnʃən/
Definitions
- (n.) The practice or strategy employed by employers to retain employees and reduce turnover, often involving legal considerations like contract terms, benefits, and workplace policies.
The company's employee retention strategies include competitive benefits and clear non-compete agreements.
Related terms
See also
Commentary
Employee retention encompasses legal aspects of employment relationships, requiring careful drafting of contracts and policies to comply with labor laws and ensure enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.