A short-term fix for making employees stay is to pay the employees well. This is not a long-term strategy, as having people in a company for purely financial reasons wouldn't be a good idea. But if employees aren't paid well, great performers will find it hard to stay.

Paying Employees Exceedingly Well

<ul><li>Providing a clear career path with regular opportunities to grow and develop, makes the employees commit themselves more to the organization.</li><li>Organizations that are constantly hiring talent from outside (as opposed to developing internal talent) are leaving doors open for existing employees to leave.</li></ul>

Career Progression

Employees often keep working in organizations that they are unhappy with. Reasons include financial pressure, like student loans or a mortgage.

Inertia

<ul><li>Respecting employees, and recognizing their good work goes a long way in retaining them.</li><li>Employees that are rewarded, respected and recognized develop job satisfaction in their organization.</li><li>Subtle things including a kind action or an appreciation also form a positive mindset in the employee.</li></ul>

Respect and Recognition

Providing interesting or a variety of projects keeps talented employees on board.Innovative projects eventually reduce the need for old software/old processes that are normally active for decades as no one is capable or interested in providing a more efficient way to work.

Interesting Projects

Career Progression If you want to attract/retain people who aspire to be leaders in their field, there must be opportunities for them to develop and exercise that leadership within the organization. Couple this with a management team that seeks to train its employees and actively supports their development, and employees are much more likely to commit to the organization.