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Highlighting Differences Between Retention and Turnover Metrics
A high turnover rate can be a huge hindrance to an organization. Training costs are steep and if you are unable to retain employees your investment goes out the window. For this reason, many businesses are paying closer attention to the metrics they use to measure workforce turnover and retention rates.
One of the most important steps is establishing common metrics definitions for your workforce reporting and analytics efforts. Read this white paper to learn:
- Various types of metrics
- When to use each type of metric
- Definitions of common turnover and retention metrics
- Context on how to appropriately apply the metrics
- Ideas on increasing the value of utilizing such metrics
- And much more.