September 30, 2016
The Real Cost of losing a Team Member
I’ve struggled with this topic for awhile – how to quantify when someone leaves your team or company – what is the impact to you, to start all over again, even with the best of best hires. NOTE: THIS IS NOT A SCIENTIFIC OR PROVEN FORMULA. The biggest hurdle is always the investment through training, domain knowledge and overall cohesion with the team. Measuring your external training investment is easy, but measuring internal training, knowledge transfer, etc over the course of their employment with you is very difficult. Until now. The variables X is the amount that you invest in this resource