Retail Leadership Talent Reduces Turnover

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the concept

Leadership Talent Reduces Turnover

Talent Plus assessments predict potential. Our results prove that selecting talented leaders radically reduces turnover and ROI.

Company Details

Concept:

Leadership Talent Reduces Turnover

Solution:

Field Executive Interview

Industry: 

Retail

Company: 

Luxury Beauty Retailer

our impact

Retail Leadership Talent Reduces Turnover

A luxury beauty retailer client partner estimated the cost of turnover per consultant at $5,000. The client partner began using the Field Executive Interview with a goal of reducing turnover among front-line consultants by 30 percent. The relationship between the talent of the leader and the level of turnover was one of the factors examined. Account executive talent was compared to the turnover of their area.

Account executives with less than 30 percent turnover were significantly more talented than those with higher turnover*. If all account executives had top talent scores, there would be a total of $1.6 million in savings.

Turnover Comparison

Turnover Comparison

Talent Comparison Graph

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*Indicates a statistically significant difference.

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