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Employee Matters Article

   

Employee Matters

Updated: July 31st, 2008 03:01 PM GMT-05:00

When Is Your Next Key Employee Going To Leave?

Les McKeown

Quadrant 4 Quadrant 4 employees are our stars - high performers who also align very well with our culture and goals. This is the area where we need to be most sensitive to retention risk.

It's important that you and the employee's manager take a realistic view of the retention risk of star performers and assess the steps necessary to ensure their retention.

You might even want to involve the employee themselves in the completion of this part of the ERRA form - nothing says you care more than consultation about their future with the organization.

Estimate the Retention Risk
Finally, have the managers complete a quarterly risk assessment, estimating the risk of losing key employees on a 1-10 scale (or any other scale you're comfortable with).

Sure, it's subjective, but guess what - you and your manager's 'feel' for the retention risk of individuals will greatly improve just by doing this exercise, and you'll have much richer discussions about each employee as a result.

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