If you want to keep your people, and especially if you are not paying them big corporate money, there are two things you need to do, other than paying what you can.

1)Teach. An equivalent to money is education, and if you are providing valuable guidance, it offsets the low wages.

2)Good atmosphere and fun.

Take those two things into consideration in your daily interaction with your team.

Source: Making mistakes, and getting on people’s nerves.