Monday, January 26, 2015

How to Hang on to your Superstars

The cost of turnover is often way underestimated. The obvious costs are hiring and training costs, but there is also lost opportunity, morale, reputation, customer relationships, and other intangibles that are harder to measure.
The cost of turnover is even higher when you lose a great employee, one of those “A player” superstars. The results of the first one focus on the output differential produced by top performers.

While top employees are hard to keep – they tend to promoted, “pulled” into better opportunities, and may have higher expectations, here are 10 things that a smart manager can do to minimize the chances of losing their best employees for the wrong reasons.

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