Great article on Employee Retention in today's WSJ

There is a great article in today's Wall Street Journal on making sure that your key talent does not walk out the door. The article can be found here. While employees will give money as the reason they are leaving a company, in the majority of cases, that is not the real reason. In the article, Carol Hymowitz writes, "Carl Bass, CEO of software maker Autodesk, has found that employees are most likely to accept offers elsewhere if they don't think they are being challenged to grow. Most frequently, they leave if they don't get along with their boss."
A very interesting perspective on what can be done to keep your key employees is presented by Larry McClure, Liz Claiborne's senior vice president of human resources. In the article he says that he "... tries to create jobs with growth potential for the company's gifted employees instead of waiting for openings to occur on the organizational chart. 'You can't be a slave to your structure and tell a very talented director he can't be promoted to the next rung until a vice president leaves.' "