This started as a comment on Fred Wilson's AVC.com blog post on "Retaining Your Employees" -- a great post by Fred and well worth the read. I love this series he is doing on "MBA Mondays" titled simply "People." As you can see my response became quite long (and this is the shortened version!) so I thought I'd better move it over to my own blog.
If there is one area in which I sound like a broken record, it is with regard to retention. When I hear the term "War for Talent" referring merely to recruiting and hiring I want to yell that the real war for talent is fought in retaining employees. Recruiting top talent can be a battle but the war is much bigger than this.