What does retention mean in business?

At a basic level, employee retention is how many of your current employees you will keep. So, for example, if your company loses 20% of your workforce in the first year, then your annual employee retention rate is 80%.

Another way of looking at it is that your company will keep 80% of your employees if they stay with you for one year. If you lose 20% of your employees in the first month, then your annual employee retention rate drops to 40%.

What does retention mean in real estate?

When you retain a tenant it’s a win-win for both you and your tenant. They’re more likely to pay their rent on time, stay in their apartment longer, and refer their friends. It’s important to keep your tenants satisfied by performing regular maintenance checks, making sure everything is in working order, and addressing any issues as soon as they arise.

What does retention mean in terms of business?

Understanding the importance of retaining your customers and clients helps you build a strong, lasting relationship with them. After all, it’s more valuable to keep existing customers rather than gain new ones. In order to do so, you need to know how to keep existing customers happy and satisfied. One way to do that is to continue providing value to them – whether through service or products. If you’re providing them with better products or services, they’ll be more likely to stay with

What does retention mean in a business presentation?

In business, the term “retention” refers to the ability to retain existing customers. You don’t pay much attention to retaining new customers, because it’s a lot more work. But it’s a critical component of business success that has to be part of your business plan. If you lose existing customers, you might not have enough revenue to sustain your company. And that’s not something you can afford to have.

What does retention mean in a business meeting?

When it comes to business meetings, you want to make sure that you are making the right connections and building those relationships. Besides the obvious question of whether or not you know the people in the meeting, you also want to find out if there is a fit for you. If you feel like you have a good relationship with the people in the room, you will be more likely to work with them in the future. That is why it is a good idea to ask your conference organizer about how they will