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A study of retention refers to an analysis or report that examines the retention rates of individuals or entities within a certain context, often focusing on how effectively a company or organization retains its employees or customers over a specified period.
Typically, organizations or businesses that want to analyze their retention rates, especially in relation to employees or customers, may be required to file a study of retention. This could include any company that seeks to understand employee turnover or customer loyalty.
To fill out a study of retention, gather relevant data regarding the population being studied, such as employee records or customer purchase history. Then, analyze this data to calculate retention rates and fill out the required forms or templates provided by the overseeing organization.
The purpose of a study of retention is to evaluate and understand the effectiveness of an organization's strategies in maintaining its workforce or customer base. This information can help in making informed decisions to improve retention efforts.
The information that must be reported usually includes retention rates, demographics of retained and lost employees or customers, reasons for turnover or disengagement, and any other relevant data that showcases patterns and trends.
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