What term refers to the ratio of the number of employees a company hires to the number that stay at the company? (1 point) productivity rate conversion rate wage rate retention rate
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The term you're looking for is "retention rate." It's a key metric used by businesses to gauge how well they keep their employees over time. A high retention rate suggests that employees are satisfied with their jobs and the company culture, while a low rate may signal issues that need addressing. Understanding retention rates is essential for any organization because it can directly affect morale, productivity, and recruitment costs. Companies with high turnover face additional expenses in hiring and training new employees, impacting their overall performance and workplace environment.