Below is my latest article from the Des Moines Business Record on Executive Retention. Please feel free to comment after reading it, I would love to hear your insight and opinion on the topic.
When I go out and speak to companies and organizations about the world of work, inevitably someone will ask me about retention. Typically, the question is framed around the lowest ranks of the company. I’ve yet to be asked about retention strategies targeted toward executives. You may not think executive retention is an issue. Think again.
The average tenure for company executives in America is four years. For a position that is expensive to fill and incredibly important for a company’s survival, I think a four-year average is barely enough to get any return on investment.