The ones you'd do anything to keep. If their work is superlative, recognize them with more money. Bill Gates once said , "A great software code writer is worth 10,000 times more than the average software writer." To improve employee retention, pay great employees what they deserve. You may find them good value for money. Reward volunteers Over time, new projects will emerge and people will embrace them. When regular checks are required (such as performance reviews), make sure the manager is clear about what the employee has been doing. If someone takes industry mailing list new responsibility, make sure this is reflected in their paycheck (or as a bonus if it's temporary). It's a good thing to do. beyond salary One final note: Compensation is primarily related to wages, but benefits, bonuses, and other forms of payment factors are also included. 2. Reward employees generously This sounds the same as compensation, but it's not. Compensation is economical. Salary, benefits, bonuses, etc. However, you can also offer other incentives to your employees. Offer them an exciting new account or big project. Encourage them to speak at a meeting or event. Connect them with industry thought leaders who can provide guidance. Professional development is encouraged. Provide tuition reimbursement if they go back to school.