Managing/Leading Change | Organizational Culture | Mike Abrashoff | Employee Engagement | Talent Retention

KEEPING YOUR CREW ON BOARD –  TALENT RETENTION STRATEGIES

By: Tony D'Amelio
September 3rd, 2021

TALENT RETENTION AFFECTS OVERALL PERFORMANCE  MIKE ABRASHOFF was just 36 years old when he took command of the near-worst performing ship in the U.S. Navy. At the time, the USS Benfold had a talent retention rate of 8% meaning there was 92% turnover each year. More important, because the jobs could not be filled fast enough, the ship found itself trying to do 100% of the work with 80% of the crew. One week after he took command, Mike had a sailor leave the Navy. When he asked him why he was leaving, the sailor replied, “Because nobody ever asked me to stay." This prompted Mike to make talent retention a top priority.

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