Incentive motivation:
Arrange cash prizes or awards that will entice an employee and help renew the excitement for the job. Organize intensive programs for the entire workforce and when awarding the winning employees, do it with much fanfare to motivate other employees as well.
Benefit package:
To encourage an employee to stay, offer life insurance or retirement saving plans that can make an employee reconsider his decision. Also, offer stock options or vacation time to make them stay in the organization.
Salary hike:
Salary hike or promotion may tempt an employee to stay in the organization. Believe it or not, an impressive job title can do the trick. encourage bonding between staff. Loaner cars, free food, extra time-off can also make up a total reward package to retain a high-performing employee.
Professional and personal growth of the employee:
Give employees better opportunities to get better at their jobs like training them to learn new software that can eliminate tedious tasks. Allow them to attend workshops to develop new skills.
Positive employee experience:
A positive employee experience translates resignations into retentions. Also, respect and considerate treatment by the company eliminate the negativity talented workers abhor.
Positive workplace environment:
An improved workplace like a flexible work schedule or even work from home or telecommuting encourages an employee to stay in the organization.