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One of the programs I do for Vistage Groups is on Employee Retention and Engagment (productivity). A key tool and simple tactic that emerges from this workshop is re-investment in people. One of my recommendations is that every employee should have a personal development plan - 1 or 2 things that could help them to become more effective and have a greater impact. Is this part of your cultural fabric?
It's especially important for your top performers - the pareto group where you get 80% of your results. If you're not aggressively developing this group, you risk losing them to competitors.