Gifts are things we look forward to eagerly. It can be of any form whether things or money or a different experience. Any of it is accepted as it is given with goodwill and best of all absolutely free! This makes you interested in working towards achieving more if possible. So it a good way to keep you clinging on to something. This is mostly by parents to their children in order to make them study and obtain good grades. Thereafter they are given gifts or taken to some place they love. All of this is to make them continue this next time and better to make them try harder than before.This is also seen to be applied in the corporate world. We see a lot of organizations providing promotions and incentives in order to reduce the employee turnover rate. This way they can retain the good employees as well as the trained ones. So there is no need to invest on training new staff frequently which is quite an investment for a company. In order to make this happen there should be appropriate employee recognition platform. As much as it is money that drives people there are other things in perspective as well. For example workers need to feel that they are being recognized within the organization. It may not be only through monetary benefits.How can you retain employees other than through a fat paycheck? Provide them with opportunities to get more exposure within their field of work. Send them overseas on tours for official purposes as well as for leisure. Keep an awards night annually and reward the staff accordingly. Treat them well according to how much of service they have done to the entity. All these are tried and tested methods in the corporate world.Most offices organize several trips within the year. These maybe simple day outs as well as trips which go on for more than a day. Staff is seen to turn out in bunches to enjoy their time. Some companies also invite family members of the employees to join in which adds to the fun. This is better as even the dependents get an amazing chance which is not offered everywhere. Along with this provide staff incentives as well.Discuss the options available with the management and higher authority of the company and come to a conclusion. Appropriate budgetary allowances should be set aside for this. So it is not something which could be implemented overnight. However if done properly, it should be successful in retaining the employees of your organization.