Follow these steps to attract and retain top talent.

1. Know your company’s mission and values. Identify the most important skills and values for your company.
2. Build an employee-focused culture. Consider what you can offer employees.
3. Involve employees in recruiting.
4. Get out and meet people.
5. Connect online.

Employee retention is the organizational goal of keeping talented employees and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, and providing competitive pay and benefits and healthy work-life balance.

Provide ongoing education and clear paths to advancement Promoting from within not only provides a clear path to greater compensation and responsibility, it also helps employees feel they’re valued and a crucial part of the company’s success. So employee development and education are essential.

In order to retain talent, you must make them feel appreciated, respected and worthwhile. Recent studies show that when employees feel undervalued and unappreciated, they look for other employment. They need to feel that their contributions to the business are important. But the feedback and praise must be sincere.

Retention strategies are policies and plans that organisations follow to reduce employee turnover and attrition and ensure employees are engaged and productive in long-term.

Retention of a positive and motivated employee is very important for the organization’s success. High employee turnover increases the expenses and also has a negative impact on the organization’s morale. Performance and Productivity Maintenance − Employee retention practices help support an organization’s productivity.

Retention is the act or condition of keeping or containing something. An example of retention is a dam holding back a river. An example of retention is someone being held in a rehabilitation center. An example of retention is memory. noun.

Learning retention is the process of transferring new information into long-term memory. This means you’ve effectively taken in the information and are able to recall it in the future.

12 Methods To Retaining Top Performers

1. Be a Successful Company with Room for Individual Ideas and Contributions.
2. Take a Personal Interest in Employees.
3. Lead by Example.
4. Train Them and Treat Them Well.
5. Personalize a Professional Development Plan.
6. Strong Communication.
7. Make Sure Employees Feel Valued.
8. Customize Employee Benefits.

How To Write a Retention Plan

1. Create Responsibility. One of the most important parts of your retention plan is holding your managers responsible for their own turnover rate.
2. Assess Your Current Turnover Rate.
3. The Value of Exit Interviews.
4. Use Employee Surveys.
5. Keeping Your Top Performers.

Talent retention consists of a set of practices and policies adopted by companies to ensure that their above-average professionals remain in it for much longer. With that, it is possible to build a great competitive differential. The talent retention program can be applied to all companies.