100 Economics Question of the Day: An Intermittent Blog: The Value of Employee Retention

Sunday, September 04, 2005

The Value of Employee Retention

A friend who is rather more optimistic than I noted that the skills the current Administration has not displayed during Katrina ("Knowledge of crowd control, logistics and the military operations, command structure and control? Along with some political savvy?") are all present in one person--former
Secretary of State Colin Powell.

If Employee Retention is valuable--I believe it is, though the base metric varies by industry--why do the macro business models not consider it?

And, to the extent that it is valuable, should the value of outsourcing be reduced proportionately?

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