That is, don't forget about your current employees. The retention of your current staff should be high on your priority list. Recent surveys reveal that up to 44 percent of technical people are unhappy in their current position. The first point is to challenge them with creativity and give them a variety of assignments.
Mental stimulation is a magic key for creative people.
Salary compression must also be addressed. As corporations hand out three to seven percent increases, shortages have pushed up salaries as much as 15 to 20 percent per year. It is essential that your management reviews compensation every year and makes appropriate changes when necessary. In the long run, it is more economical to keep your current staff than recruit new employees, not to mention the continuing problem of keeping schedules. Communications is one of the keys to employee retention.