Employee turnover is a multimillion-dollar problem for organizations. According to Gallup, replacing exiting workers can cost one-half to two times the employee’s annual salary. Yet when it comes to your top performers, the stakes are even higher. High performers have a disproportionate impact on driving organizational success and innovation. Failing to retain them can mean losing their considerable talents to ventures that compete directly with your organization.
In a recent Forbes article, Strategic Management Journal Co-Editor Rajshree Agarwal shares five evidence-based lessons for improving the retention of high-performing individuals. By recognizing the unique needs of high performers, organizations can foster work cultures that support their drive to create and innovate.
Learn more about Dr. Agarwal’s research in the Strategic Management Society’s journals.
Learn more about the Strategic Management Society (SMS). SMS Members can access all SMS Journals for free.