Question
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
Ask by Savage Gross. in the United States
Dec 20,2024
Real Tutor Solution
Tutor-Verified Answer
Answer
The term is **retention rate**.
Solution
The correct term is:
**Retention rate**
**Retention rate** refers to the ratio of the number of employees who stay with a company over a specific period compared to those who were initially hired. It measures how effectively a company retains its employees.
**Answer:** retention rate
Reviewed and approved by the UpStudy tutoring team
Like
error msg
Explain 
Simplify this solution Bonus Knowledge
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.
