The success of the organization depends largely on the knowledge, skills and abilities of its employees because they make up the core competencies that distinguishes the organization from its competitors. People have always been a key segment of the organization, but their strategic importance is growing in today's world which is based on knowledge like never before. Therefore, human resource management is becoming increasingly important today, and thus the requirements placed upon human resource management including the creation of adequate motivation and leadership, recruitment and retention of a valid staff, rewarding and fair behavior towards employees, creating a climate that supports people and brings the benefit of the organization. The paper deals with the issue of employee retention, what all employers are taking to retain employees and how much negative impact has the employee quiting, financially and psychologically. With employee retention, work carried out discussion on the development of employees. Part with development of the employee explains all development methods employers use and how important it is to develop and train employees in the organization.