The Real Opportunity Cost of losing an employee

Updated: Jan 11, 2021

One of the major challenges currently faced by the companies is curbing attrition rates. Many factors including employee performance, the company’s goals and policies, employee’s personal reasons influence the attrition rates.

A company loses an employee for a variety of reasons. Sometimes, retention is possible but sometimes, the loss is difficult to curb for a long time. One thing is very much obvious after losing an employee, that is the ripple effect it creates on the existing employees, which will affect their quality, productivity, and interest.

Whatever the reason is, the opportunity cost of losing an employee is multi-fold.