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This case study was commissioned and funded by the Center for Education in the Built EnvironmentIncreasing Retention Rates of New Students by Improving the Induction Process John Ashton Laminar Department
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Increasing retention rates refers to the process of improving the percentage of customers or employees who continue to use a product or stay with a company over a certain period of time.
Businesses or organizations that are looking to track and improve their customer or employee retention rates are required to file increasing retention rates.
Increasing retention rates can be filled out by collecting data on customer or employee turnover, analyzing the reasons for attrition, and implementing strategies to retain more individuals.
The purpose of increasing retention rates is to reduce turnover, increase customer loyalty, and improve overall satisfaction and profitability.
Information that must be reported on increasing retention rates includes the total number of customers or employees, the number who left, the reasons for leaving, and any retention strategies implemented.
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