Key Employee Retention Program

Who is a Key Employee? The ones who are difficult to be replaced due to critical institutional knowledge, skills or experience they possess. 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 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 enables the organization to systematically maintain and reinforce the competitive edge they have through their key employees. To increase the motivation and engagement level of these people, to manage knowledge transfer adequately and in due time, and to 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.

The program starts with the alignment of a key employee criteria set to be able to identify those colleagues who require special attention from the management. For the selected people we define the needed retention steps and responsibilities in the Key Employee Matrix. With the systematic execution of the steps we can ensure both the retention of key employees and the enablement of potential successors.

Key Employees are detected in the organization and assessed in a sophisticated way to be able to identify their willingness to leave, their motivators and some other criteria As a result of the program their engagement will be higher, attrition drops and the probability of losing knowledge is eliminated A detailed succession plan is a practical outcome of the project for management and HR The execution happens in co-creation with the involvement of HR and top management. We provide all the necessary templates needed and useful benchmarks from other organizations Continuous support provided during the whole process with some re-assessment of success.