Valuable members of the team are the hardest to replace; they are also the ones at greatest risk of leaving. Investing in their personal development with coaching is not just an investment in them, it’s an investment in their future and your company’s.
The issue of flight risk, or loss of key members of any company, is a constant concern. In a number of organisations this issue continues to escalate and forms the basis of an increasing number of discussions in the board room.
Validity works with clients who have reported a dramatic increase in flight risk, with some having reported percentages tripling in a two-year period. The costs to any business of these sorts of numbers are significant; the use of “cash” as an incentive to stay is expensive, short term, has not always demonstrated the results that were hoped for and is often not even a viable option.