How to control attrition in your Team?

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TEAM- Together every one achieve More- This is what has been taught about the definition of team or the essence of having a team. However building the right Team is an upheaval tasks for every people manager, and that decide the due course of success of any project, tasks and team. Blending the right member, giving the right strength is what every manager look for while building the team, where as in pursuant of all , manager often forget to understand and manage the expectation of his team members-
In my view if a manager is good in tapping the expectation of his team members and come up with the mutual plan for managing those expectation, would bring him great success in the project. I have personally followed below strategies to manage this.
1. Remember every individual is unique and have different needs; this is some thing which every manager knows, but rarely implement.
2. Develop the mutual development plan for every individuals- Since each one have different background, different priority, so one fix plan can not be successful.
3. Treat your team and your peers; this is something very difficult for person who has directive approach of leadership.
4. Empower your team-You should give independent charge of each activity, let’s them do the work in their own way, let’s them to experiment.
5. Pat them in case of failure as well,-With the change in the technology, we can not expect one’s to be an expert of each and every tasks given to give. One needs to experiment. Learning happens through failure as well. Managers always pat his team in case of success; however team needs him in difficult time, when things are not favorable.
These are just few thought, which has been experienced by self, you may have different view point and have different way of handling the team.