According to the Society for Human Resource Management (SHRM), employers will spend between 6 and 9 months of an employee's salary in time, resources, and money to replace them. That's a lot of money you can keep in your pocket if you know the 4 secrets for retaining your top talent. Today, the Stay Paid pals talk about compensation, personal development, career progression, and building a high-performance culture. And you can get more in-depth information and added details not included in the episode from our show notes. Visit www.staypaidpodcast.com.

Connect | Resources

• Ep. 164: 7 Tips for Managing Virtual Teams | Episode 164
• Peter Taunton - Founder of Snap Fitness on How to Scale and Lead a Business

• How to Use the Predictive Index to Build a Team | Episode 168
• How You Train 76 Agents to Close 800 Transactions (With Mark Pattison) | Episode 267
• 4 Things You Need to Turn a Team Into a Company (with Tom Toole) | Episode 285

0:00 Introduction

1:17 Offer competitive compensation

5:28 Encourage personal development

7:50 Support career development

9:56 Ensure a high-performance culture

12:58 Action Item