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We’re in the middle of a revolution in the workplace. The way we work and where we work is constantly being challenged and changed. It’s also forcing employers to rethink their talent acquisition and employee retention strategies to keep up to pace with these constant changes. This means that employee retention rate is one of the most important HR metrics that can help you understand how well your organization retains its employees. It goes without saying that employers want to hold onto their top talent. Not doing so only causes disruptions in the workplace but is also detrimental to overall business outcomes. Some level of turnover is inevitable, as employees will always move on. This may be due to retirement, or an employee may need to relocate or can’t continue to work, for example. And, then, of course, employees are sometimes in search of better opportunities. Getting highly talented employees in the organization is challenging as the war-for-talent continues. That’s why keeping them on board should be a priority for any organization. Why and how do you calculate employee retention rate? Let’s dive in. ContentsWhat is the employee retention rate?Employee retention formulaWhy is knowing your employee retention rate important?How do you