All glossary terms
R
Retention Rate
The share of employees who stayed with the company over a given period. Formula: (Headcount at end of period − Hires during period) / Headcount at start × 100%. The benchmark varies by industry: tech 80-85%, retail 60-70%.
Example
"Retention rate rose from 74% to 89% in one year after launching a recognition program and idea bank."
TeamEvo — all of this in one platform
Engagement, recognition, idea bank, gamification, and analytics. An AI agent supports culture without manual HR effort.
Try for free