A vital consideration for businesses in the modern economy is the financial implication of talent management, specifically the costs associated with hiring new employees versus retaining existing staff. While intuitively it might seem more cost-effective to retain current employees, quantifying this reality requires a deep dive into the actual calculations involved. This article provides a comprehensive analysis of the financial impact of these two options. … Continue reading The Mathematical Calculation of the Loss Incurred by a Company for Hiring New Talent vs Retaining Existing