Hiring new employees every now and then can be very expensive which is why companies are constantly looking for ways to increase employee retention. In order to keep your strong performers, it is important that you focus on retaining them.

–          Motivate your employees by giving bonuses rather than compensation increases.

–          Pay for results not activities.

–          Say thank you when an employee does an excellent job.

–          Retain employees by giving them recognition at a company meeting or extra time off.

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