What practice aims to maintain a stable workforce by preventing employee turnover?

The practice that focuses on maintaining a stable workforce by preventing employee turnover is employee retention. This approach involves strategies and initiatives designed to keep employees satisfied, engaged, and committed to their organization, thereby reducing the likelihood that they will leave their job. Effective employee retention strategies can include competitive compensation packages, opportunities for career advancement, a positive work environment, and strong organizational culture.

While employee performance, engagement, and development are important aspects of human resources and workplace management, they do not specifically target the reduction of turnover. Employee performance relates to how well individuals execute their job duties, employee engagement is about the emotional commitment that employees have to their organization and its goals, and employee development focuses on improving the skills and knowledge of workers. However, without a specific focus on retention strategies, these other areas may not directly contribute to maintaining a stable workforce.