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Encourage Supportive Management
It's not as simple as throwing money at the problem. In addition to throwing money, corporate leaders need to throw their weight. Successful companies have leaders who invest in the success of their subordinates. Managers must support their reports in real, concrete ways. No human-resources-driven retention policy will accomplish anything unless it's pushed out to supervisors and managers who take action. These efforts require buy-in at the highest levels, and they must be driven from the top down, through the organization.