An Employee Retention Agreement (ERA) is a legally-binding document between an employer and an employee that outlines the terms of an employee’s continued employment. It can be used to ensure the employee continues with their duties, as well as providing them with incentives for staying. The ERA typically includes provisions for compensation, job security, and other benefits. It may also set out requirements for job performance and disciplinary procedures. In short, an ERA is a way for employers to show employees that their hard work is both appreciated and rewarded, while keeping everyone on the same page.