Retaining talented, motivated people is vital to the success of any company. Often, the primary distinguishing characteristic of an industry leader is the quality and motivation of people across the organization. In addition, the cost of turnover is enormous, not only in terms of out-of-pocket expenses related to severance, recruitment and selection, but also in lost opportunity and productivity.
PI can help to improve employee retention by improving the fit between individuals and jobs at the point of selection, by providing more rewarding work experiences, and by developing managers to lead and motivate people more effectively.