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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees. What is a good employee retention rate?

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The Annual HR Report: 15 HR Metrics To Include

AIHR

An essential part of developing an impactful annual HR report is including the right metrics to clearly quantify how HR is impacting strategic goals and organizational performance. Contents What is an annual HR report Metrics to include in an annual HR report How to prepare the annual HR report. What is an annual HR report?

Metrics 98
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Customer Retention: CEOs Share Strategies

Chief Executive

Their intent is clear: 41 percent of CEOs polled by Chief Executive in July cited “shifting focus to consumer retention” as an action they had taken or considered taking over the previous three months, making it far and away their biggest expressed priority. Many companies slipped on retention efforts over the last few years.

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DAU/MAU is an important metric, but here’s where it fails

Andrew Chen

DAU/MAU has been a popular metric because of Facebook, which popularized the metric. This metric was always impressive for Facebook because it’s always been high. DAU/MAU isn’t the right metric there. Products in travel, like Airbnb and Booking, are only used a few times per year by consumers.

Metrics 106
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Boost Employee Engagement and Retention with Modern Recognition Programs

Vantage Circle

Defining behavior metrics around company principles provides actionable direction on which accomplishments to praise. It can be addition of features, rewards ideas, platform usability, motivational impact and varied key metrics. In the long run, this can pose a major roadblock towards motivating the workforce.

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Growth KPIs & Company OKRs: combining the two

Growth Hacker

Growth KPIs: the metrics shared by c-level and growth teams start with the NorthStar Metric, which is then broken down into Objectives and Success Metrics, which inspire and guide the execution of ideas, hypotheses, and experiments. If the biggest opportunity is in retention, that’s the KPI of importance now.

KPI 102
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Compensation Package: A Guide For HR (+ Free Template)

AIHR

With nearly 40% of mid-career professionals prioritizing mandatory paid leave and over 80% seeking comprehensive healthcare benefits, it’s clear that designing a thoughtful compensation package is key to talent attraction and retention. Performance bonuses: Bonuses tied to performance metrics incentivize and reward high achievers.