• Employers can use a variety of methods to retain employees.
• Many employers offer both traditional benefits and other strategies.

Once a company has found good, quality employees, it wants to keep them. Bringing in new employees almost always has an associated cost in both productivity and profits.

Employers use a variety of methods to lessen the risk of losing good employees. Some laws dictate certain treatment of employees, such as:

• Title VII of the Civil Rights Act (discrimination), and
• The Fair Labor Standards Act (minimum wage and overtime).

However, for the most part, the strategies that an employer uses to retain employees are left to the employer’s discretion. Many employers offer certain benefits to help increase employee retention, such as:

• Paid vacations and holidays;
• Health, dental, vision, and prescription coverage;
• Paid sick days; and
• Retirement plans.

This list is not at all comprehensive, and outside of offering traditional benefits, employers can use other strategies to entice employees to stay, like:

• Flexible scheduling,
• Casual dress code,
• Improving the physical working environment, and
• Simply appreciating an employee’s good work.