Many companies are searching for ways to boost retention during what recruiters call an unprecedented hiring environment, and one way to do so is to promote their top performers.

It’s an important option for leaders to consider, as overall job openings nationwide fell to about 10.7 million despite companies not largely increasing layoffs, per the latest data from the Bureau of Labor Statistics. The quit rate held steady at about 2.8%, or about 4.2 million workers, still far above historic averages, and layoffs remained at about 0.9% — the same rate it has held at for several months now.