This article analyses the need for staff retention in Higher Education Institutions with reference to two selected South African universities. It highlights the pros and cons of high employee turnover in these institutions. A content analysis is used to identify mechanisms for staff retention in the selected universities. Policy documents pertaining to the retention of staff in these universities show that both universities have appropriate policy instruments for staff retention. The article notes that in spite of the availability of such instruments, voluntary staff turnover is continuing. The article recommends that in an attempt to reduce high voluntary turnover, university managements should ensure that regular surveys and exit interviews are conducted in their institutions and the opportunities for development and promotion are provided.