Change and Thrive with Dr. Wendy L. Heckelman

RX for Retention: Retaining High Performing Talent


Listen Later

When high performers leave an organization, the effect can cascade into distrust throughout the organization, leading more high performers to question their position. It makes sense then, why the initial average financial cost of replacing a high performing employee is more than 400% of that employee’s compensation—and that doesn’t even include the 1-2 years of lost revenues and profits while the new employee learned how to perform effectively in the job. That is why retention of exceptional talent is absolutely critical. This is especially true today, as the pandemic has forced organizations to shift to virtual work models. Maintaining relationships with clients, patients, and doctors is increasingly difficult in this setting, so organizations that are able to retain their employees (and the relationships these employees have crafted) have a leg up. In today's episode I'll give you tips on how to retain your high performing talent! Listen to today's episode. #changeandthrivepodcast #wendylheckelmanphd

...more
View all episodesView all episodes
Download on the App Store

Change and Thrive with Dr. Wendy L. HeckelmanBy Wendy L. Heckelman, Ph.D.