Retention

Meaning:

Retention, in a general sense, refers to the act or process of retaining or keeping something. In a business context, employee retention involves maintaining a workforce by reducing turnover. Academic retention pertains to students staying enrolled in educational programs. Memory retention concerns the ability to remember information over time. Customer retention denotes keeping existing customers and fostering loyalty. In legal contexts, retention refers to the hiring of an attorney or consultant. Overall, retention encapsulates the effort to preserve, maintain, or secure various elements, be it employees, knowledge, customers, or information, with the aim of ensuring continuity, stability, or long-term viability in a given context.