Do you know who the low and high performers are in your company? The labor market is tighter than ever, making retaining talent just as important as attracting it. However, recent research indicates that only 8% of companies have an objective insight into their employee performance. This lack of insight can be costly, with costs running up to €75,000 per underperforming employee. In addition, there are indirect costs. A poorly performing employee has a negative impact on the team, company culture, and customer relationships. After all, an employee is the business card of an organization.
Furthermore, not having insight into who your high performers are also makes it very difficult to map the engagement of your high performers. This means it is hard to prevent them from leaving your organization. And as it turns out: this cost picture is much higher. Research shows that a departing high performer costs between 120% and 150% of the annual salary. It is therefore crucial to have a clear picture of who the low, medium, and high performers are. Our e-guide offers an in-depth look at why many current methods fail and introduces an innovative solution: Learned Performance Management. Download the e-guide now for free and map employee performance.