Employee retention strategies are approaches and practices designed to keep employees engaged and committed to the organization. Effective retention strategies include offering competitive compensation, providing career development opportunities, fostering a positive work environment, and ensuring work-life balance.

For example, a tech company might implement retention strategies such as flexible work arrangements, continuous learning opportunities, and a strong recognition program. By addressing the needs and concerns of employees, organizations can reduce turnover, retain top talent, and maintain a stable and productive workforce. Regularly gathering and acting on employee feedback also helps in fine-tuning retention strategies.