Retaining good talent is important, especially within medical device companies where historical knowledge of the product is very valuable. As stated in the posts above, the key to retaining good employees lies in keeping them motivated. On a scale of a few months to a few years, making sure the employee’s good ideas are heard and buying them lunch will keep them around. However, if you want to retain them for five to ten years, then it is important that the employee feels that they are getting as much value out of the company as the company is getting out of them. This means that the employee has access programs like tuition reimbursement (if they are still persueing professional degrees), bonus programs, annual raises, and career development opportunities. This does not mean that you need to convince your best employees to stay with the company forever, it means that you need to show the employee that the next steps in his or her career can be at your company.