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Talent Loss Costs PDF Print E-mail
Retention

Domino-effects of Lost Talent 

 

Knowledge Plummet

This happens when knowledge succession systems are incomplete. Talent leaves with information and strategies and background knowledge that has not been maintained or passed along.


Promotion Pool Depletion

The number of qualified internal candidates for development and promotion are limited. The company then has to spend more on recruiting rather than developing internal leaders.


Treadmill Morale Loss

The gap left by the loss of talent can leave remaining people feeling as though they are on autopilot - pushing the treadmill, but going nowhere.


Absorption Time Loss

This is the time required by a new hire to assimilate into the corporate culture and the requirements of the job. As the learning curve increases, the time spent actually doing the job decreases.


Pied Piper Factor

This occurs when someone leaves the organization, and other workers suddenly start looking around for other job opportunities, too. "Wonder what he knows that I don't know?"
Data Dome can help! With the proper use of assessments for selection, development, motivation and retention, you can afford to offer your top talent better rewards and still save on labor costs. Contact us for your complimentary consultation