What would it cost you if your best people walked out the door??
More than you think…and things you may never know.
Somehow David Clancy ☘️ has ended up in my feed (the algorithm just knows doesn’t it??)
This morning I found myself reading his analysis of on the “cost of absence” of #lebronjames and #lionelmessi for their respective teams. The posts were detailed and thorough laying out the analysis.
If told anyone who is a sports fan that there would be a cost to the team if their star player was out…I don’t think anyone would fight me on the idea…
but when I try to make the point that losing a star employee has a ripple effect and costs that aren’t obvious…the nod, but then tend to pay it lip service and do nothing to prevent it.
We can disagree about how you measure it, but we have all lived through it enough to know what happens when your star walks out the door.
Talent, relationships, institutional knowledge to name 3
Out
The
Door
And how long will it take the replacement to get up to speed and adding value? Well unless you have a killer on boarding program (and most don’t) it will take longer than you think…
So how about we spend some time making sure your employees are engaged, happy, well managed and well compensated?
It’s a lot less expensive and less work then replacing them…so i may be busting out a few David Clancy ☘️ case studies with my clients to make the point.
#hrconsulting
#No4ThFloor