The biggest data breach is lost talent: Difference between revisions
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* Never layoff due to budget - reassign to other positions. | * Never layoff due to budget - reassign to other positions. | ||
:* This results in fewer job postings - less time wasted onboarding and offboarding. | :* This results in fewer job postings - less time wasted onboarding and offboarding. | ||
* As a last resort reduce pay uniformly to keep the company in business. | * As a last resort reduce pay uniformly to keep the company in business. | ||
:* Before doing this reduce flexible expenses - pay ''must'' be the last thing cut. | :* Before doing this reduce flexible expenses - pay ''must'' be the last thing cut. | ||
::* By cutting pay you are acknowledging that employees will leave - they have bills too. | ::* By cutting pay you are acknowledging that employees will leave - they have bills too. | ||
* Let employees follow their ''work passion'' through training and development. | * Let employees follow their ''work passion'' through training and development. | ||
* Forster their work passion, let it grow and create a new role for the employee. | * Forster their work passion, let it grow and create a new role for the employee. | ||
* Focus on happiness not business, treat them like family. | * Focus on happiness not business, treat them like family. | ||
Latest revision as of 21:50, 20 June 2025
Theory > Five elements of business success > The biggest data breach is lost talent
- Layoffs create bad feeling in the company
- Loss of productivity in remaining employees
- Good talent leaves fearing they are next.
- Becomes every man for himself.
- Knowledge is lost
- Good ideas that now go to a competitor.
- Data is deleted and not passed along - why should they.
- Legal agreements NDA / NC agreements are useless - can you prove when and idea was born?
Preventing this
- Coach bad performers - layoffs are a last resort.
- Never layoff due to budget - reassign to other positions.
- This results in fewer job postings - less time wasted onboarding and offboarding.
- As a last resort reduce pay uniformly to keep the company in business.
- Before doing this reduce flexible expenses - pay must be the last thing cut.
- By cutting pay you are acknowledging that employees will leave - they have bills too.
- Let employees follow their work passion through training and development.
- Forster their work passion, let it grow and create a new role for the employee.
- Focus on happiness not business, treat them like family.
