The 50% discount is offered for all ebooks and ejournals purchased on igi globals online bookstore. Pathol the abnormal holding within the body of urine, faeces, etc. Commerce a sum of money owed to a contractor but not paid for an agreed period as a safeguard against any faults found in the work carried out retention 1. The net present value or the future value of the cash flows that are attributable to the brand name or brand personality is known as brand value. Search self retention and thousands of other words in english definition and synonym dictionary from reverso. Employee engagement is the emotional commitment the employee has to the organization and its goals. The three biggest factors affected by retention are. Ebooks and ejournals are hosted on igi globals infosci platform and available for pdf andor epub download on a perpetual or subscription basis. Best of all, it can fit quite easily in your pocket. Basic business dictionaries compared rucore rutgers university. Recordkeeping is the process of recording transactions and events in an accounting system. Change your default dictionary to american english. Dictionary ofbusiness fourth edition specialist dictionaries. Here, we break down employee retention and provide a quick guide about what you can do to help boost it in your organization.
Retention article about retention by the free dictionary. The term is from jerry b harveys book the abilene paradox and other. Retention is an extremely important concept in business and covers a wide range of subjects. The retention ratio is the proportion of earnings kept back in the business as retained earnings.
Aug 20, 2019 a retention bonus is a targeted payment or reward outside of an employees regular salary that is offered as an incentive to keep a key employee on the job during a particularly crucial business. Glossary of terminology and definitions for business and management. Transitory records without business or historical value are not subject to retention beyond the purpose for which they are created. The dictionary of business terms is an excellent reference for business people, educators, and students, alike. An effort by a business to maintain a working environment which supports current staff in remaining with the company. Define retention by websters dictionary, wordnet lexical database, dictionary of computing, legal dictionary, medical dictionary, dream dictionary.
Private limited company a company jointly owned by the people who have invested in it, they buy shares and. Records are createdreceived by an organization in routine transaction of its business or in pursuance of its legal obligations. Partnership a group or association of between 2 and 20 people who agree to own and run a business together. This discount cannot be combined with any other discount or promotional offer.
Customer retention refers to the activities and actions companies and organizations take to reduce the number of customer defections. Book of business definition in the cambridge english. Businessdictionary is a free easytouse free business glossary with over 30,000 definitions that span across critical businessrelated topics including. Brand value definition marketing dictionary mba skool. The right which the possessor of a movable has, of holding the same until he shall be satisfied for his claim either against such movable or the owner of it. Retention legal definition of retention legal dictionary. Example an example of an accounting event would be the purchase of a. Retention meaning in the cambridge english dictionary. A retention bonus is a targeted payment or reward outside of an employees regular salary that is offered as an incentive to keep a key employee on the job during a particularly crucial business. Retention definition illustrated guide to business terms. You may be able to memorize facts in the shortterm, but how well is your retention of. May 31, 2018 this definition explains the meaning of employee retention, the business practice of using engagement, recognition and competitive compensation and benefits to try to reduce turnover and keep employees at an organization. This emotional commitment means engaged employees actually care about their work and.
Since the principles of accounting rely on accurate and thorough records, record keeping is the foundation accounting. An organisation is able to achieve this by adopting various employee retention programs. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. The act of retaining or the condition of being retained. Employee retention is concerned with keeping or encouraging employees to remain in an organization for a maximum period of time 1. A brand is an intangible asset of a business, and helps in differentiating between a companys book value and market value. Employee retention is one of the major issues confronting business. Term definition cession the amount of insurance risk transferred to a reinsurer by a ceding company. This is especially t rue when you re m ember that 80% of sales co me. This is the british english definition of retention. Document that memorializes and provides objective evidence of activities performed, events occurred, results achieved, or statements made. In the context of construction contracts, an amount retained from construction contract payments 515% of the contract price to ensure the contractor. Here an approach of routine, habitual, orderly procedure brings the best results with least costs. Retention noun definition and synonyms macmillan dictionary.
Aggregate the dollar amount of reinsurance coverage during one specified period, usually 12 months, for all reinsurance losses sustained under a treaty during such period. Pdf the meaning and measurement of customer retention. Browse ebook and retention and turnover content selected by the human resources today community. Many employee retention policies are aimed at addressing the various needs of employees to enhance their job satisfaction and reduce the substantial costs involved in hiring and training new staff. Retention definition in the cambridge english dictionary. Books about employee retention more and more books have been written on employee retention since roger hermans pioneering keeping good people appeared in its first edition in 1990. As such, several visionary csps have begun to roll out programs that tightly integrate. An assessment of the product or service quality provided by a business that measures how loyal its customers are.
Definition and synonyms of retention from the online english dictionary from macmillan education. Retention definition of retention by the free dictionary. Retention the number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for. Business structure, organisation and control term concise definition sole trader a business owned and operated by one person, has unlimited liabil ity. Dictionary of business and management oxford reference.
The author brown 2005 claimed that an orientation program which is designed appropriately, a whether it is short or long, will improve retention of employees. Employee retention is and should be one of the main focus areas of the human resources department in any organization. The withholding of a portion usually 10% of a periodic payment to a contractor, by. Adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. The human tendency to remember messages that are consistent with the individuals existing attitudes and beliefs. In contrast, if a document has business or historical value see definition above, it is not a transitory record. Employee retention definition, importance, advantages. For example, if your business mails people new pens every month for a. Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. One of the main parts of accounting is recordkeeping or bookkeeping. Written by a team of experts, it features the very latest terminology, for example, the recent vocabulary associated with structured finance and the associated. Dictionary of business terms barrons business guides.
He enjoys going to work everyday, he feels that he adds value to the organization, and he notices that it. Employee retention can be represented by a simple statistic for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period. If you are in any way involved in business, this is a must have. While it is relatively small, it provides concise, easy to understand definitions for some 7000 business terms. You may be able to memorize facts in the shortterm, but how well is your retention of those facts over the longterm. Customer retention is not only a cost effective a nd pr ofitable strategy, bu t i n todays business world it is necessar y.
A companys or agents book of business is the total of all insurance accounts written by. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription. Input your email to sign up, or if you already have an account, log in here. A record that is needed to record the history of a transaction or university action is not transitory. The goal of customer retention programs is to help companies retain as many customers as possible, often through customer loyalty and brand loyalty initiatives.
Commerce a sum of money owed to a contractor but not paid for an. It is imperative for any business organization to retain the top employees by means of motivation. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Special retention is the right of withholding or retaining property of goods. Inspire a love of reading with prime book box for kids discover delightful childrens books with prime book box, a subscription that delivers new books every 1, 2, or 3 months new customers receive 15% off your first box. The retention ratio refers to the percentage of net income that is retained to.
Customer retention statistics are typically expressed as a percentage of long term clients, and they are important to a business since satisfied retained customers tend to spend more, cost less and make valuable references to new potential customers. Customer retention strategies in action as competitive pressures within the communications market continue to intensify, communication service providers csps are forced to devote more resources to defending their customer base against poaching. Almost 300 pages of the book is devoted to a multilingual glossary of business. Book of business definition in the cambridge english dictionary. Record retention is part of the companys administrative work. Definition of book of business collins english dictionary. The business dictionary defines employee retention as an effort by a business to maintain a working environment which supports current staff in remaining with the company. The right of retention is of two kinds, namely, special or general. Under the terms of the licence agreement, an individual user may print out a pdf of a single entry from a. In order to retain control, b must buy back its own stock from a, usually at an.
It is imperative for any business organization to retain the top. Retention the number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for allocation to nonmember firms. Retention definition of retention by merriamwebster. Retention definition of retention by websters online.
Mita 2014 defined employee retention as a technique adopted by businesses to maintain an effective workforce and at the same time meet operational requirements2. Information and translations of retention in the most comprehensive dictionary definitions resource on the web. We provide this extensive listing as a service to employers seeking more and varied resources. Employee retention is the overall strategy or ability of an organisation to retain its best employees and hence maintain a lower turnover. For example, if your business mails people new pens every month for a yearly fee and you currently. Employee retention techniques go a long way in motivating the employees for them to enjoy their work and avoid changing jobs frequently. This definition explains the meaning of employee retention, the business practice of using engagement, recognition and competitive compensation and benefits to try to reduce turnover and keep employees at an organization. Top content on ebook and retention and turnover as selected by the human resources today community. Training manual for business retention and expansion. Customer retention statistics are typically expressed as a percentage of long term. You can complete the definition of self retention given by the english definition dictionary with other english dictionaries. This is the concept of keeping an existing customer continuing to use your service or purchase your product. Employee retention refers to the ability of an organization to retain its employees. Cessions limit the capped amount of catastropheexposed business ceded to the reinsurance contract.
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