Employee Retention Adds Business Value
“To win in the marketplace, you must first win in the workplace.” Those words of Doug Conant, former CEO of Campbell Soup Company, ring particularly true today.
The talent market was tight before the pandemic, but now we’re in a critical state. Finding employees is a challenge for everyone. And if you’re selling your business, it might be the buyer’s top concern.
Employee issues buyers care about right now: turnover, training, cross-coverage, leadership potential.
Talk to us about how key employees can impact market value. We can share what we’re seeing in your industry and help you evaluate the ROI of certain retention strategies – such as providing critical staff with minority equity shares, a bonus program, or stay options.
By Kevin Gannon from Cornerstone Business Services in Exit Strategies, General, Value Enhancement.