The key to employee retention is to provide a positive onboarding and employee experience. Employees must feel that they are fairly compensated, have opportunities for growth, and are appreciated for their work. Here are some perks a business could offer to boost retention: Compensation and benefits: A competitive salary, comprehensive benefits package and paid time off. Opportunities for growth and development: On-the-job training, tuition reimbursements, mentorship and professional development opportunities. A positive work culture: A supportive work environment, work/life balance, communication and transparency go a long way. Flexible work arrangements: Offering the option to work remotely, part-time or on a flexible schedule helps widen the talent pool and retain top talent. Provide meaningful work: Employees want to feel that they are making a valuable contribution. Provide opportunities for leadership, promotions and challenging work. Act on employee feedback: Solicit feedback through surveys and focus groups and make accommodations within reason.