{"id":99304,"date":"2023-04-13T20:17:59","date_gmt":"2023-04-13T18:17:59","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=99304"},"modified":"2025-08-19T12:43:27","modified_gmt":"2025-08-19T10:43:27","slug":"retention-rate","status":"publish","type":"post","link":"https:\/\/factorialhr.com\/blog\/retention-rate\/","title":{"rendered":"Employee Retention Rate: Calculation, Tips & Best Practices"},"content":{"rendered":"

Your employee retention rate is a <\/span>direct reflection of the health of your organization<\/b>. Why? Because the longer an employee stays at your business, the better they will understand your objectives and the more committed they will be to their role. As a result, they will be more <\/span>productive, motivated, and engaged<\/b>.<\/span><\/p>\n

Employee retention has <\/span>never been so important<\/b>, especially considering the recent effects of the <\/span>Great Resignation<\/b> on employer turnover. In fact, according to a recent <\/span>federal JOLTS report<\/b>, approximately <\/span>50.5 million people quit their jobs in 2022<\/span><\/a>, representing the <\/span>second consecutive year of record-breaking resignations<\/b>. As a result, organizations in all manner of industries are now struggling to<\/span> understand and improve their retention rates<\/b> so that they can build a <\/span>stronger and more committed workforce<\/b>.\u00a0\u00a0<\/span><\/p>\n

But what is retention rate and how do you calculate it?<\/span><\/p>\n

Let\u2019s find out in today\u2019s <\/span>complete retention rate guide for employers<\/b>.<\/span><\/p>\n

\"free<\/a><\/p>\n

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Table of Contents<\/p>\n