Ideas for employee retention include tracking retention rates, offering good benefit packages, and hiring the right employees. Providing incentives, better employee-management relationships, and providing financial rewards for high performing employees are additional ideas for employee retention.
Tracking retention over time helps the employer learn what upper level workers are doing and not doing successfully. As for benefit packages, they need re-evaluation over time and should benefit employees that are more likely to leave their jobs. An example of a good benefit package includes health and life insurance, and retirement plans.
An open door policy involving employee-management communication encourages employees to voice their opinions without the fear of repercussions. Incentives keep employees motivated and appreciated at their job.