How LXPs Enable Career Mobility

For any business, the cost and impact of competent employees quitting the company are huge and difficult to mitigate. There’s the immediate impact of lost productivity, the medium-term impact of hiring new resources, and the long-term impact of lost knowledge, skills, and experience. Moreover, it can be demotivational to other colleagues, or worse – start a contagion as a promising talent that leaves tends to take other good people with them; an even worse situation is when capable people emotionally and intellectually quit and yet stay in business. In such situations, the business takes a heavy hit due to employee disengagement – an even more infectious disease than resignations. According to a study by Gallup, the incremental cost of replacing an individual employee can range from one-half to two times the employee’s annual salary.

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