Talent RetentionOne of the most important things a company can aspire to do is reduce its turnover by retaining valuable talent. The people a company retains may be the most important issue, special programs to retain high-producing employees are a wise investment for organizations, at all levels. Cost of turnover is something that all businesses need to constantly evaluate. Henemann, et al. (2012) points out: “Although turnover is often seen as a detriment to organizational performance, there are several positive aspects. An extremely important part of employee retention strategy and tactics must therefore involve careful evaluation of both the costs and benefits of retaining at a reasonable cost to the organization (p. 68). The day-to-day employee isn't the only factor to consider for retention, CEOs are expensive to replace, and their departure can affect employee morale and upset stability. It takes a lot of money to recruit and retain the right leader who will fit an organization, its people, its mission and its values, and who will stay with it for the long term. Our American Red Cross leader, Gail J. McGovern, has faced widespread criticism regarding her annual salary. It's understandable that a nonprofit leader is subject to salary criticism, but the truth remains that our nationwide, multilevel organization needs a leader we can retain. Gail McGovern's base salary has remained at $500,000 with no increase since she joined the Red Cross. His salary is said to be mid-range for the world of nonprofit leadership. In the 10 years I have worked at the American Red Cross we have had five company presidents, with the fifth being Gail J. McGovern who has remained with our organization. ..... half of the sheet ......011). Partners in Nursing: A Mentoring Initiative to Improve Nurse Retention. Perspectives on Nursing Education, 32(4), 250-255. Sange, R., & Srivasatava, R. K. (2012). Employee engagement and mentorship: An empirical study of sales professionals. Synergy (0973-8819), 10(1), 37-50. Ryan, K. (2012). The CEO of Gilt Groupe on building a team of excellent players. Harvard Business Review, 90(1/2), 43-46. Mix it with The Bee editorial board. Rhee, F. (2011) Katehi: Replacing hospital CEO would cost more than add. Retrieved March 17, 2012 http://blogs.sacbee.com/the_swarm/2011/09/katehi-replacing-hospital-ceo.html#storylink=cpy.Cites American Red Cross website.Herman, B. (2011 ). UC Davis Chancellor Defends Medical Center CEO Revival. http://www.beckershospitalreview.com/compensation-issues/uc-davis-chancellor-defends-medical-center-ceos-raise.html Retrieved March 17, 2012.