Here are some the things you need to do to retain your best people. While writing this, I would keep in mind that losing someone is not always a bad thing. First of all, even though the person is talented that doesn’t mean he or she is a good fit in your organizational culture or with the work that needs to be done. And secondly, some people need to move on to other organizations (or school or family responsibilities) in order to advance their careers.
However, if keeping talent is an issue for your organization, business author Mike Hyatt provides guidance. He writes:
…if leaders spent less time trying to retain people, and more time trying to understand them, care for them, invest in them, and lead them well, the retention thing would take care of itself.
I’ve reworded Hyatt’s items to say what you should do.
1. Unleash Their Passions
2. Challenge Their Intellect
3. Engage Their Creativity
4. Develop Their Skills
5. Give Them A Voice
6. Show Them You Care
7. Lead Them
8. Recognize Their Contributions
9. Increase Their Responsibility
10. Keep Your Commitments
Not only you, all managers should be doing these things. That will create a culture that will retain talent, as well as develop talent, be a joyful place to work, and achieve the goals of the organization.