Guidelines To Increase Retention

Know who – and what – you want to retain, and be able to argue the business case for this retention.
Learn when and how each employee will leave the organization before you hire that person (or when you first start working together).
Engage a monthly dialog with each person you want to retain to stay up to date about the specific benefits that person wants and needs from the organization.
Customize a retention strategy for each person you want to retain, based on the connection between your specific business case for retaining this person and the person’s specific reasons for staying with the organization.
Know how you will meet your business needs regardless of turnover: even when you lose any one – or all – of the people you want to retain.
Develop ways to profit from a high turnover rate among employees: increasing the useful knowledge capital of your unit.
Develop ways to continue investment “deposits” into the knowledge capital of your enterprise by employees who have left.
Devise a way to retain the special knowledge and perspectives of employees who come and go by leveraging the skills and activities of those who stay.
Become a catalyst in creating and facilitating the opportunities that the people you want to retain want to engage.
Don’t forget to move on when it’s time for you to take advantage of an opportunity that better meets your needs.