A good way to help your organization grow and to create loyal employees is by applying Maslow’s Hierarchy of Needs to your employee’s needs.
You need to address basic needs like paying a living wage for your area, paying higher than industry-standard wages, and automatically increasing wages with the cost of living each year.
You need to address psychological needs by having good benefits, a good work environment, merit pay increases, and regular recognition of good work.
You need to address self-fulfillment needs by offering internal promotions for career advancement, regular training, and least importantly one-time bonuses or perks.