Employee retention definition a function of the hr department tasked with reducing the number of employees leaving the company by improving key processes and conditions. Providing the maximum meaning of a word by combining the best sources with us. Email retention and the policies concerning the same are required in an organization for legal. Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Payment for a service or product that is withheld pending the completion of some specified condition. Special retention is the right of withholding or retaining property of goods. Get the full definition here on the coschedule marketing dictionary. Retention of business from existing brokers and clients is a key feature of our companys strategy. That can happen by taking in too many liquids, ignoring the need to piss for hours, and having the full bladder rest on the. The right which the possessor of a movable has, of holding the same until he shall be satisfied for his claim either against such movable or the owner of it. Selective retention, in relating to the mind, is the process when people more accurately remember messages that are closer to their interests, values and beliefs, than those that are in contrast with their values and beliefs, selecting what to keep in the memory, narrowing the information flow.
Retentions definition and meaning collins english dictionary. An organisation is able to achieve this by adopting various employee retention programs. As the manager for one of the top sporting good stores in. Define retention by websters dictionary, wordnet lexical database, dictionary of computing, legal dictionary, medical dictionary, dream dictionary. The fitness industry is booming and your company has taken advantage of this. Retention rate definition by babylons free dictionary. Selective retention definition by babylons free dictionary. Pdf the impact of recognition on retention of good talent in the. In general, from the latin, it means holding back the word is used in medicine for constipation, an impaction of the large intestine by feces. Jan 09, 2020 retention countable and uncountable, plural retentions the act of retaining or something retained. Customer retention is not only a cost effective a nd pr ofitable strategy, bu t i n todays business world it is necessar y. The right of retention is of two kinds, namely, special or general. Retention definition and meaning collins english dictionary.
Employee retention refers to all those practices which let the employees stick to an organization for a longer time. An effort by a business to maintain a working environment which supports current staff in remaining with the company. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Customer retention refers to the activities and actions companies and organizations take to reduce the number of customer defections. Usage example unlike socialism where the government is responsible for means of production and the management of economy, capitalism. Pdf retention of talented workforce is the most crucial issue business. How to scale your business to reach a larger audience. Definition of retention noun in oxford advanced learners dictionary. The act of retaining or something retained 1599, william shakespeare, twelfth night, ii. Retention noun definition and synonyms macmillan dictionary. Lien means, with respect to any asset, a any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, b the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement or any financing lease having. In the context of construction contracts, an amount retained from construction contract payments 515% of the contract price to ensure the contractor. Retention definition of retention by the free dictionary.
Companies often retain risks when they believe that the cost of doing so is less then the cost of fully or partially insuring against it. Many employee retention policies are aimed at addressing the various needs of. The act of retaining or the condition of being retained. The term retention rate is used in a variety of fields, including marketing, investing, education, in the workplace and in clinical trials. Employee retention is one of the major issues confronting business today. Retentions definition of retentions by the free dictionary. You can complete the definition of retention sample given by the english definition dictionary with other english dictionaries. Retention article about retention by the free dictionary. You may be able to memorize facts in the shortterm, but how well is your retention of. Employee retention is and should be one of the main focus areas of the human resources department in any organization. Student retention is a hot topic because every stakeholder, from parents to policymakers, looks at student retention to measure a schools performance.
In health insurance, the fraction of the premium amount which goes toward administrative costs. Employee retention is the overall strategy or ability of an organisation to retain its best employees and hence maintain a lower turnover. Retention legal definition of retention legal dictionary. Retention definition of retention by websters online. Retention definition of retention by merriamwebster.
I ask for information, as a plodding man of business who only deals with. Commerce a sum of money owed to a contractor but not paid for an. The ultimate aim is happier, loyal employees that actively want to remain with the company. Pathol the abnormal holding within the body of urine, faeces, etc. Retentions synonyms, retentions pronunciation, retentions translation, english dictionary definition of retentions. This is the british english definition of retention. A new look at an old problem introduction perhaps the two most vexing measurement issues in higher education research are how to obtain true transfer rates from community colleges to fouryear universities and the correct formula for the measure of college student retention, regardless of institutional type. Commerce a sum of money owed to a contractor but not paid for an agreed period as a safeguard against any faults found in the work carried out retention 1. Search retention sample and thousands of other words in english definition and synonym dictionary from reverso. Definition and synonyms of retention from the online english dictionary from macmillan education. Dec 17, 2017 risk retention is a companys decision to take responsibility for a particular risk it faces, as opposed to transferring the risk over to an insurance company.
Retention the number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for. Risk retention is a companys decision to take responsibility for a particular risk it faces, as opposed to transferring the risk over to an insurance company. Customer retention rate measures how well subscription and servicebased companies retain customers over a given period of time. Email retention is the retention of instant messaging records and email in an organization based on the policies of the concerned organization.
Retention of clients or money is the process of ensuring that a. Special retention is the right of withholding or retaining property of goods which are in ones possession under a contract, till indemnified for the labor or money expended on them. Maintaining retention in each of these fields often results in a positive outcome for the overall organization or school, or pharmacological study. Definition of retention written for english language learners from the merriamwebster learners dictionary with audio pronunciations, usage examples, and countnoncount noun labels. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. This is especially t rue when you re m ember that 80% of sales co me. Retention meaning in the cambridge english dictionary. You can complete the definition of retention given by the english definition dictionary with other english dictionaries. Dictionary of legal definitions used in contract language. Retentions legal definition of retentions legal dictionary.
Retention the number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for allocation to nonmember firms. The goal of customer retention programs is to help companies retain as many customers as possible, often through customer loyalty and brand loyalty initiatives. Employee retention techniques go a long way in motivating the employees for them to enjoy their work and avoid changing jobs frequently. The degree to which the current employees of a business remain with the company over a given time period. Retention definition of retention by medical dictionary. We use cookies to enhance your experience on our website, including to. It is imperative for any business organization to retain the top.
It is imperative for any business organization to retain the top employees by means of motivation. In reinsurance, this term refers to the amount of the insurance kept by the ceding company instead of being reinsured. Retention definition for englishlanguage learners from. Employee retention definition, importance, advantages. Change your default dictionary to american english. Retention definition in the cambridge english dictionary. The withholding of a portion usually 10% of a periodic payment to a contractor, by. Aggregate the dollar amount of reinsurance coverage during one specified period, usually 12 months, for all reinsurance losses sustained under a treaty during such period. It also refers to the closure of the bladder resulting in an awful bursting pain, because not a drop of urine will come out. Search retention and thousands of other words in english definition and synonym dictionary from reverso. Many staff retention policies are aimed at addressing the various needs of employees to enhance their job satisfaction and reduce the substantial costs involved in hiring and training new staff.
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