What Leaders Need To Do To Keep Top Talent Happy

With unemployment rates so high, you may think that your employees have no option but to stay with your company. That is a dangerous assumption. As we move into recovery, employees — especially star performers — are likely to start weighing their options. Use these four tools to keep your stars where they are:

• Praise. It is the most inexpensive and underutilised tool out there. When your stars do something right, say thank you.
• Challenging assignments. Give your top performers the opportunity to work on new projects that build their skills and give them a chance to shine.
• Development opportunities. Find inexpensive ways to deepen your stars' skills such as providing mentors or opportunities to teach others.
• Non-monetary perks. Most top performers crave things that are intangible and easy to provide, such as flexibility, better work/life balance, or more autonomy.