HR Glossary

What is Retention Package?

A tailored combination of financial incentives, career development opportunities, and working condition improvements designed to persuade a high-value employee to stay when they're at risk of leaving.

Why it matters in hiring

Retention Package comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with R

• Restricted Stock Units (RSU)
• Resume Screening
• Retained Search
• Retention Bonus
• Retention Strategy
• Retirement and Re-employment Act (Singapore)
• Return of Company Property
• Right to be Forgotten

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