Workforce retention is the practice of keeping existing talent in an organization for extended periods of time. It is an important component of overall employee engagement and can play a major role in an organization’s ability to recruit and retain top talent. Retention efforts involve assessing which motivational factors are necessary in order to keep employees motivated and engaged; these could include everything from salaries, bonuses and benefits packages to external recognition, career advancement opportunities and better work/life balance solutions. Ultimately, the goal of workforce retention is to ensure that the things which motivate employees remain in place over time in order to guarantee long-term job satisfaction and commitment.