Summary
In boom times and slow times alike, you need to keep your best people. This article spells out five proven practices to help you keep your most talented employees: (1) Provide paths to advancement by keeping employees informed about your company’s direction and projected talent needs; (2) Continually enrich employees’ experience by giving them ownership of their work and the freedom to take risks; (3) Express appreciation; (4) Counteract stress by creating a culture that promotes work/life balance; and (5) Foster employee trust in your company’s leadership by ensuring that executives convey a clear vision and a belief in employees’ ability to make it real.