What is considered a high retention rate?

A retention rate of 90% or higher is considered to be a good retention rate, meaning organizations should strive for an average employee turnover rate of 10% or less.

What is a high retention rate?

What is a good employee retention rate? Generally, an average retention rate of 90% or higher is what to aim for, meaning a company will want an average employee turnover rate of 10% or less. In 2022, the average turnover rate² was around 9.3%.

What are high levels of retention?

Generally speaking, a good retention rate ranges 90 percent or higher. Industries with the highest retention rates include government, finance, insurance, and education, while the lowest rates can be seen in the hotel, retail, and food industries.

What is a high vs low retention rate?

A high retention rate means employees are engaged, satisfied, and committed to the organization. In contrast, a low retention rate suggests that there may be problems with the work environment, company culture, or other factors causing employees to leave.

What is considered a high customer retention rate?

However, as a general rule, 35% to 84% is considered a good retention rate. In SaaS specifically, 35% and higher over an eight-week time period is a great goal to aim for—even though that rate is lower than other industry benchmarks.

YouTube Audience Retention Explained With Tips

Is a 70% retention rate good?

There is no absolute universal rule for it, but as a general rule suggested by some experts, an employee retention rate of 90% or above is considered good. This means that a company should try to keep its employee turnover rate under 10% or less at all costs. However, it also varies by industry.

What does 80% retention rate mean?

The industry average falls between 70% and 80%. Customer retention rate shows how many customers return to your product, whereas churn rate measures how often customers leave. Other important customer retention metrics are revenue churn rate, Net Promoter Score, repeat purchase rate, and customer lifetime value.

Is 30% retention rate good?

Industry Benchmarks

The average 30-day rate broken down by industry ranges from 27% to 43%, but for higher performing apps, that range is 32% to 66%. See more details here. While the average hovers around 20% 90-day retention, it's best to aim for 25% or higher depending on your industry.

Is 50% retention rate good?

The average YouTube viewer retention rate is right around 50-60%, and you would think that the ultimate goal would be a viewer retention rate of 100%. But a recent study actually found that videos with higher click throught rates (CTR) get more views.

What is a poor retention rate?

As a general rule, employee retention rates of 90 percent or higher are considered good and a company should aim for a turnover rate of 10% or less.

Can retention rate exceed 100%?

What is considered a good Net Retention Rate? A good NRR is typically above 100%, as it means that your existing customers generate more revenue than you lose through churn. An NRR above 130% is considered exceptional, demonstrating excellent customer satisfaction and organic revenue growth.

Is high retention good or bad?

A high retention rate is indicative of a healthy work environment, job satisfaction, and effective talent management strategies. Companies with high retention rates often have lower recruitment and training costs and benefit from the institutional knowledge and experience of long-tenured employees.

Why is high retention good?

Effective retention strategies can boost morale. When employee morale is high, the workplace becomes a more positive place. Positivity rubs off on employees, making them believe their company is a great place to work. Happy employees are likely to stay and become great advocates for your company.

Is 40 percent retention good?

“If your video is longer than five minutes, and audience retention is above 50%, you're probably doing a good job,” Wilson says. “If your video is longer than five minutes, and you're getting audience retention above 70% in the first 30 seconds, then you've got your hook on the video and you're doing a good job.”

Do you want a high retention rate?

The higher the retention rate, the better. If your retention rate is 80 percent, that means only 20 percent of employees left the business during a given period. Remember that retention rates vary by industry.

What does 90% retention mean?

A business with a 90% retention rate would be considered very healthy — this indicates high customer loyalty and widespread satisfaction. A business with a 50% retention rate, on the other hand, has some work to do.

Is 80 retention rate good?

The perfect (not likely attainable) customer retention rate is 100%; the lowest customer retention rate, of course, would be 0%. Each industry has its own average CRR that lands somewhere in between, but the average customer retention rate across industries is 70% to 80%.

What does 100% retention mean?

What about full or 100% retention? In more extreme cases lenders can impose a 100% retention meaning that they won't release any of the funds until the identified problems are fully resolved. This proposal is usually issued pending a report by a structural engineer.

What is the 40 20 10 retention rule?

On average, a 40-20-10 profile is considered good retention ‒ 40% retention on Day 1, 20% retention on Day 7, and 10% retention on Day 30. But depending on the genre of the game, good retention rates may vary. According to Gameanalytics, the average Day 1 retention rate is 25%.

Is a 90% retention rate good?

A good employee retention rate is an indication that an organization has a strong retention strategy and is experiencing low turnover. A retention rate of 90% or higher is considered to be a good retention rate, meaning organizations should strive for an average employee turnover rate of 10% or less.

What is TikTok retention rate?

TikTok retention rate is like a thumbs-up from your audience. It tells you how many people are attached around you and watched your entire video, showing how captivating your content is. The higher the retention rate, the more people enjoy and stay engaged with your video.

What are the disadvantages of high retention rates?

The downsides to high employee retention are disengaged employees who remain in their roles, hurt productivity, create toxic work environments, and drive good employees away. High retention can also lead to difficulty implementing change, less innovation, and a lack of diversity and inclusion.

What are the employee retention statistics for 2023?

The average tenure of an employee in 2023 was 4.1 years. Workers aged 55 to 64 had an average tenure of 9.9 years, while workers aged 25 to 34 had an average tenure of only 2.8 years. Moreover, men had longer average tenure than women, at 4.3 years versus 3.9 years.

What is the average turnover rate in 2023?

According to Forbes, the average turnover rate across the US in 2023 is around 3.8%. Nearly two-thirds of those turnovers are attributed to quitting employees. The rest is attributed to layoffs and firings.

How long does the average employee stay with a company?

The median employee tenure in the US is 4.3 years for men and 3.8 years for women. You've likely been told before that staying in your current position for at least a few years is important, and many Americans take this to heart.