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Retention
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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 .
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