Time and again the data shows high-performers increase your bottom line by a factor of 5. Do everything you can to keep these individuals. If not, it can cause the following:
- Loss of productivity that is significantly above acceptable standards
- Many times management will settle for someone that is less qualified to replace the high level performer
- Replacing the productivity of a High-Level Performer typically takes more than one employee
- Loss of Intellectual Property that inevitably leaves with the individual
- Negative Morale – other performers may be gin looking for other opportunities
Estimated Cost: 6-8 times salary