Essential Insights: SCM Retention Methods

The Leader’s Edge: Turnover depletes the talent pool, impairing efforts to attract, develop, and advance future supply chain leaders. Leading companies analyze the causes of turnover, respond with targeted retention strategies, and monitor the results. A concerted effort will minimize the defection of high potential SCM talent.

It may come as a surprise, but the price of hiring and onboarding a new employee is much higher than retaining an existing employee especially one that is talented, knowledgeable, and reliable. Current employees are a known commodity and provide organizations with the bench strength upon which to structure future corporate plans. When turnover occurs, productivity is lost during ...

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