Measuring Tenure Equity
This graph represents the evolution of a business in which the complexity of what is happening and the aggregate workforce experience increase proportionally over time.
Tenure Equity is a metric that objectively quantifies process complexity and experience to reveal which key employees must be retained for optimal performance and minimal disruptions.
Measuring just the financial factors leads to ineffective and shortsighted strategies based on projected payroll savings that are always more than cancelled out by productivity losses. It doesn’t have to be that way! Our research clearly indicates that the amount of experience lost is much more critical than the simple headcount or payroll numbers.
Even more importantly, experience relative to process complexity determines your business’s capabilities.
When enough employees have experience dealing with complex processes and teaching them to others, the business will function optimally.
Layoffs, retirement and other forms of attrition that remove these proficiency source employees leave no one in place to perpetuate complex processes. This is the silent profit killer that explains why no company ever downsized its’ way to greatness.
“Who To Keep” spotlights exactly who you need to retain and why. It gives you the tools to determine who your most vital employees are – both those who know how to get things done and those who share that knowledge. It maps your company’s social and operational networks to keep you out of the downsizing minefield.
Solutions At N2Millennials
