Provide competitive salary/wages
Contribute toward employee benefits
Offer a referral bonus for successful hires
Define a career path to incentivize long-term work, provide on-the-job training, and other personal growth tools
Substitute salary with non-cash reimbursement that can be written off as business expenses, such as: phone credit; travel credit; health and wellness credit
Provide employees the tools they need to do their work.Â
Ensure good and open communication (vertical and horizontal) across the organization
Re-evaluate the people managers and train them to be effective at leading employees (one of the top reasons people quit jobs is a bad boss)
Value the employees; they are the ones who will make the company successful.Â
Be inclusive and solicit and value input and ideas from everybody in the company.âŊ Many times, the best ideas come from those closest to the customer (and usually at the lower level of the company hierarchy)
Offshoring and outsourcing work impacts morale and results in turnover
Offshore wages cannot/should not be used as a guide for domestic pay (I have seen this at some startups).Â
Company leadership personalities, egos, transparency can drive people away.Â
Establish formal and informal employee mentoring, to help with personal and professional growth
Provide timely feedback for an employeeâs performanceÂ
Open door policyâŊfor the discussion ofâŊwork place issues
Consider a bonus for current employees to recruit employees that stay at least 6 months. Good people typically have wide circle of friends