retention plan vs retention policy

Both 'retention plan' and 'retention policy' are correct phrases, but they are used in different contexts. 'Retention plan' refers to a specific strategy or set of actions designed to retain employees or customers, while 'retention policy' refers to a set of guidelines or rules related to retaining employees or customers.

Last updated: March 24, 2024 • 506 views

retention plan

This phrase is correct and commonly used in the context of developing strategies to retain employees or customers.

This phrase refers to a specific plan or strategy aimed at retaining employees or customers within an organization. It outlines the actions and initiatives that will be taken to ensure retention.

Examples:

The company implemented a new retention plan to reduce employee turnover.
She devised a retention plan to improve customer loyalty.
The retention plan included training programs and career development opportunities.
Creating a retention plan is essential for long-term business success.
The HR department is working on a retention plan to retain top talent.

Show examples from the web [+]

The real criminals, organised in gangs and terror groups, are not only planning their acts further ahead - which makes plans for a time-limit on retention obsolete - but are also constantly finding new ways of evading prosecution by the state.
What really riles me and puts me in a veritable lather is the news that the European Ministers of Justice plan to go against the recommendation of our committee and implement the Council's plans for the retention of data come what may, without parliamentary codecision.
Flood risk management plans may also include the promotion of sustainable land use practices, improvement of water retention as well as the controlled flooding of certain areas in the case of a flood event.
The undeveloped areas that can flood naturally (e.g. floodplains) and perform a valuable water retention function, if not considered in the flood risk maps and management plans, could be targeted for development.
The IATTC plan for compulsory retention on board may be more useful but that solution is not presently viable in other areas as it is only in the Eastern Pacific that all large seiners have observers.
Bearing in mind the measures and plans aimed at better regulation at European level, it is to be hoped that the procedure used for debating data retention will not become the rule', to quote directly from the report to Parliament.
I have grave concerns about the Commission's reported plans in the field of immigration and asylum and, as far as the UK is concerned, retention of national control over our borders continues to be essential.
At the 2009 G20 leaders' summit in Pittsburgh, the countries' leaders agreed that the emphasis in national economic recovery plans should be on the retention and creation of jobs.
What is the Commission's judgment concerning the plan for flood containment and channelling to be carried out along the course of the Tagliamento, in the province of Pordenone, by constructing retention basins?
Regrets that the European Council did not take account of the position of Parliament, in particular on sensitive questions such as exchange of information, retention of telecommunications data, the action plan on radicalisation, the dialogue with third countries, etc.;
'repetitive flight plan' means a flight plan related to a series of frequently recurring, regularly operated individual flights with identical basic features, submitted by an operator for retention and repetitive use by ATS units;
given that the European Commission plans to table a proposal on 'data retention' and, in late 2005, a proposal on 'the principle of availability', what are the Council's intentions as regards Member States' proposals on the same subject?

Alternatives:

employee retention strategy
customer retention plan
staff retention program
client retention initiative
member retention scheme

retention policy

This phrase is correct and commonly used in the context of establishing guidelines or rules related to retaining employees or customers.

This phrase refers to a set of rules, guidelines, or principles that govern how an organization retains its employees or customers. It outlines the framework within which retention decisions are made.