Keep It Right

What is the point of getting it right, if you don't keep it right?

Everyone knows that retention of key executives is an essential element in a successful business.

However, a recent study found that 30% to 40% of newly hired executives either quit, under-perform significantly or are fired within their first two years of employment.

The cost of replacing key personnel has been estimated at between 70% and 200% of salary. Industrial psychologist and author Bradford D. Smart rates the cost of a mis-hire at 27 times salary in terms of opportunity cost.

The turmoil generated by a mismatch in a key role, followed by the disruption of recruiting a replacement, can sabotage your day-to-day operations and jeopardize your critical projects and timelines.

And yet most organizations do not have an institutionalized program to support the people they hire; they are left to sink or swim on their own.

GAAP's recurring Retention Regimen^tm addresses this problem by proactively facilitating the integration and long-term retention of newly-hired executives. This assures a long-term, productive relationship between the executive and the organization.