It can be nearly impossible to retain the talent you need most. In many cases talented employees feel after two or three or five years that they should move on. All the pay raises, bonuses and attention you shower on them may not be enough to compete with the lure of someplace new.
Here is one tactic you may not have considered for retaining rare talent: fire them.
What kind of top talent is easy to retain?
Why would we want to fire key employees? The clue lies in asking this question: “What is the one source of top talent that we have no trouble retaining?” The answer is that we have no trouble retaining free agents (e.g. consultants, contractors and freelancers). They want to keep us as clients. They want a relationship that spans decades. If we treat them half-decently they are with us forever.