The Crowdsourced Performance Review: How to Use the Power of Social Recognition to Transform Employee Performance

5 The Business Case for Crowdsourcing

 

“Culture is king,” said Trevor. Rebecca smiled, and he added, “I guess I always say that.”

“Yes, you do,” said Rebecca. “And you’re right. How does it feel to back up that statement with data, at last?”

“Feels good,” he replied. “Feels even better when I look at the monthly financials and see you’re under budget for recruiting this year.”

“Savings are mostly from decreased turnover in the core business. It’s down 30 percent year-over-year. The real test will come when the GeoClean acquisition goes through. We lost 25 percent of the people from the last company we brought on.”

“That many?” said Trevor.

“The 30 percent includes severance packages, but the voluntary quits alone hit us with a lot of replacement ...