No employer likes to deal with turnover, especially when losing good people. But your employees need good reasons to stick around. Here are three things you can do to earn their commitment:
Give them responsibility. This will show your employees you trust them. Encourage them to gain new skills. Hire from within wherever possible, and give generous promotions at appropriate times.
Show respect. Employees want to know they are appreciated. Make it a priority to display admiration for them on a regular basis.
Be generous with time off. Provide sufficient time for sick days, family vacations, new babies, etc. Expect and even demand high-quality performance, but don't assume employees can constantly work at maximum productivity nor pressure them to do so. Allow them the chance to breathe between projects.
Source: Today's Management Tip was adapted from "Five Ways to Retain Employees Forever" by David K. Williams and Mary Michelle Scott.