HR Glossary

What is Retention Strategy?

A comprehensive set of policies, programs, and practices designed to reduce voluntary employee turnover and retain high-performing talent.

Why it matters in hiring

Retention Strategy 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

• Resume Screening
• Retained Search
• Retention Bonus
• Retention Package
• Retirement and Re-employment Act (Singapore)
• Return of Company Property
• Right to be Forgotten
• Right to Work Check

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.