1. It is not easy to find good employees, and we have seen how critical good employees are to a successful business. 2. The next step is ensuring that they continue to work for you with their heart and soul and are not waiting for the right time to switch to one of your competitors. 3. There is much you can do to retain employees and build a happy, hardworking, and innovative team. Monetary compensation is but a small part of it. 4. Much of your employee retention depends on the quality of communication with your employees. 5. Share your vision with your staff. What is critical is that employees know very clearly what the company stands for, how it is moving toward its goals, and where the employee fits in. 6. Share Success and Defeats: There will be a fair share of both. Sharing them with your employees will prepare them for the bad times and help them build on the good ones. 7. Top employees look for opportunity. Top employees also need mentoring and feedback. 8. Provide plenty of positive feedback to average employees every time they grow a little. 9. Use challenges, the workplace environment, and recognition to motivate your employees. 10. Be fair with your employees!