Question

What term refers to the ratio of the number of employees a company hires to the number that stay at the company?

A. Productivity rate
B. Conversion rate
C. Wage rate
D. Retention rate

Answer 1

[AI-generated answer — Bot GPT 3.5]

D. Retention rate

Answer 2

[AI-generated answer — Step-by-Step Bot]

D. Retention rate

Answer 3

[AI-generated answer — Explain Bot]

The term that refers to the ratio of the number of employees a company hires to the number that stay at the company is the retention rate. This rate measures the ability of a company to retain its employees over a given period. To find the retention rate, you need to divide the number of employees who stay at the company by the total number of employees who were hired by the company, and then multiply by 100 to express it as a percentage.

To calculate the retention rate, use the following formula:

Retention rate = (Number of employees who stay / Total number of employees hired) x 100

Once you have the number of employees who stay and the total number of employees hired, you can plug them into the formula to find the retention rate. The higher the retention rate, the better it is for the company, as it indicates that more employees choose to stay with the company.