Who is a star and how to retain him?

Who is a star and how to retain him?
For few years every one wonders what the star qualities of a performer are. There are few who tell us how to measure it; however everyone knows it when they say it. For some stars are born leaders, for others stars are smarter, stars are driven, they have the will to succeed, they are self confident and they are self motivated. These are same as the lessons which are taught at B-schools. However the experts differ with all this.

They say it is not what people bring to party that makes them star, however it is what they do with what they bring. Most experienced leaders know it and are able to hire star performers. They also know that it is not only hard to get star performers, however retaining them is a more difficult task. Today is competitive world; therefore companies are required to search a star before the competitor does and then the retaining him is more important.

Some of the ways of retaining a star performer are encouraging him to be participant in cross function decision making. This helps the star performer break the monotony of his work demands and share his work experience with others. Second besides an increase in basic salary, star performer can be pampered with cash incentives and bonuses. Third are the other benefits like stock options increases their commitment towards job.