Exiting Employees
Based on Strategic TurnOver Program™ data, in the same organization there will be managers who retain and grow people, and those who lose good direct reports. To learn the differences in their management skills, getting 360 feedback on the behaviors of the most and the least effective managers by implementing a Manager 360, with questions that are retention-focused, will identify and measure opportunities for improvement against the baseline.
The cost of turnover, depending on job level, ranges from 1.5 to 4 times the salary of the exiting employee. Less than competent managers are often the reason good employees leave. After calculating the cost of turnover among managers who have high turnover, compare the cost of profiling your managers to learn cost-effective solutions.