People don't quit companies; they escape lousy managers. One recent survey showed that 65% of workers would prefer a new boss over a raise. If your team is underperforming, take a close look at how your lieutenants manage their direct reports. Do they know how to coach your employees so that they can excel -- or make the people around them feel alienated and stupid? If it's the latter, get them into management training ASAP.
NEXT: 4. Take a break from austerity