Employee retention: 7 strategies for retaining top talent

That means a good overall compensation plan, but it also means being recognized for the value they bring to their organization, McCarley says. That may mean being asked to present, or being thanked publicly, or getting exposure to other departments on special projects, an opportunity that demonstrates the company’s trust in them and their work.

Caiafa doles out quarterly bonuses, posts the names of workers doing top work on leaderboards, and offers prizes for winners of quarterly hackathons — all of which he has found keeps workers engaged. And to encourage workers of all capabilities, he lets anyone with an idea pitch to judges in a shark tank-type competition, with winners getting to develop a proof of concept. “These things really highlight achievements,” he says, noting that while top talent may naturally get the most wins, the programs encourage all workers to strive.

6. Offer targeted training

Ensono has a robust training program, which supports employee retention at all levels. But Lobo says retaining top talent often requires a more targeted approach where their managers direct them into career development programs that can really accelerate their professional advancement.

“We focus on the individual’s development and make sure we have the right individual going to the right programs,” he says.

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