What are the MOST INNOVATIVE AND EFFECTIVE EMPLOYEE RETENTION STRATEGIES?

Due to the sky-high cost of employee turnover, most companies are actively seeking strategies to retain their best employees. The problem is, most of the literature available on this subject is lamentably basic. So-called experts prescribe business-improving ideas that don’t hold a candle to the challenge of retaining talent in a competitive market.

?“Provide fair compensation!” “Hire the right people!” “Create opportunities for career growth!”

?Newsflash: Enterprise CEOs are already doing these things. These ideas are foundational to running a good business in the twenty-first century. They’re not innovative employee retention strategies by any stretch of the imagination.

To uncover the best, most cutting-edge retention techniques, we have to look at real-life corporate examples—companies that are ahead of the game with their employee management tactics, and who are offering new and exciting incentives to influence retention. When it’s socially acceptable (and even expected) for employees to move jobs every two years, employers have to get creative to improve their retention rates. What do you think?