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

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

<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

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.

Inertia

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