Your employees should be eager to move on only because they lack challenges, not because there is lack of remuneration. Research salaries in the industry and then offer a little bit more than the standard rate. Remember that one highly paid but excellent worker can be much more valuable than three average workers with average salaries. Top performers will leave your customers happy and you can rely on their judgment. And that will give you peace of mind. When you imagine what the costs of finding a substitute for your best worker might be, you will see that investing in your employees can be really profitable.
Open communication
Things change and so does your business. Maybe you want to steer your company in a different direction or introduce a new way of doing things … Changes can be difficult and stressful. In order to retain your best employees as your business evolves, create an environment where there is an open and honest flow of information. Inform subordinates about your strategic plans and decisions and ask about their possible concerns. Mutual trust will reward you with greater honesty and loyalty.