Free Template

Employee Retention Plan Template

Create an employee-focused plan to reduce turnover and keep your team engaged using our Google Sheets template.

Free Template

Employee Retention Plan Template

Create an employee-focused plan to reduce turnover and keep your team engaged using our Google Sheets template.

What is a Employee Retention Plan?


A Employee Retention Plan helps a company to reduce employee turnover. It’s a comprehensive approach that outlines the initiatives, tools, and activities that an organization can use to create an environment in which employees are encouraged to stay. The plan should also include a strategy for measuring the effectiveness of its components.

What's included in this Employee Retention Plan template?

 

  • 3 focus areas
  • 6 objectives
  • 6 projects
  • 6 KPIs

Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.

 

Who is the Employee Retention Plan template for?


The Employee Retention Plan template is designed for HR teams in organizations of all sizes and industries. The template offers a clear and structured way to create a plan that will help ensure that your employees remain loyal and productive. The template provides a step-by-step guide on how to define focus areas, set objectives, and develop measurable targets.

1. Define clear examples of your focus areas


Focus areas are the broad topics that you want to address in your Employee Retention Plan. Examples of focus areas include increasing employee engagement, improving employee benefits, and enhancing employee experience. For each focus area, you should identify the objectives, activities, and metrics that will help you achieve your goals.

2. Think about the objectives that could fall under that focus area


Objectives are the specific goals that you want to achieve. Examples of objectives could include increasing employee recognition, increasing paid time off, and improving employee relations.

3. Set measurable targets (KPIs) to tackle the objective


Key Performance Indicators (KPIs) are the metrics that you use to measure the success of your objectives. Examples of KPIs include employee-manager recognition rate, average number of interactions between managers and employees, and number of promotions. Set an initial and target value for each KPI and a unit of measurement that you will use to track progress.

4. Implement related projects to achieve the KPIs


Projects, also known as actions, are the steps or activities that you will take to achieve your objectives. Examples of projects could include increasing employee recognition, increasing paid time off, and increasing training hours. Outline the timeline, budget, and resources needed to successfully implement your projects.

5. Move forward faster with Cascade Strategy Execution Software


Are you ready to see real, tangible results in your strategic plan and leave the hassle of spreadsheets behind? Cascade Strategy Execution Software catalyzes your efforts by integrating planning, tracking, and execution all in one platform. Unlike outdated spreadsheets and disjointed systems that slow you down, Cascade grants you the clarity through visual dashboards, real-time updates, and seamless collaboration across your organization. Sign-up for free or book a demo with one of our strategy experts to jumpstart your strategy today!

Employee Retention Plan Template

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