It is hard to replace Key Employees due to critical institutional knowledge, skills or experience they have. They represent advantage over the competition for the Company. Loosing Key Employees creates high risk, as the replacement is too expensive, takes long time or almost impossible. Our Key Employee Retention program helps detect those employees, create Key Employee Matrix and define actions to eliminate business risk for the organization.
DEVELOR KEY EMPLOYEE RETENTION PROGRAM is a vital part of the Develor Talent Springboard Solution that together with its two other program elements – Strategic Job Families and Talent Management programs – aims to ensure Human Resource readiness for growth at companies.
The Key Employee Retention Program is a long-term solution with immediate effects on key people. It includes a thorough process of seven key steps that incorporate all necessary planning, execution, aligning and follow-up activities to establish and sustain this as system in the long run.
This carefully planned and implemented process will enable the organization to systematically maintain and reinforce the competitive edge they have through their key employees, increase the motivation and engagement level of these people, adequately and in due time manage knowledge transfer and put succession plan in place for any eventual situation.
Thus the business risk that is caused if a key person leaves the company will be significantly reduced.
Results by the end of the project:
- Key Employees’ retention and motivation
- Adequate knowledge transfer in place
- Succession plan in place
- Less business risks for the organization