What’s the cost of losing a valued employee?

As a small to mid size Austin CEO, business owner, VP or team leader, what more could you be doing to minimize your turnover in this very tight market? Is your workplace culture mindful of your high performers needs and wants? Rising stars, millennials and those up and coming family members need challenges, and want to acquire new knowledge. Would you willingly spend $5,100 a year for two years to keep a rising star? When the likes of SHRM shares it cost upwards of $50,000 to replace a $80,000 manager, supervisor or individual contributor, I would. What if we’re talking in the range of $120,000 to $150,000?

A couple or questions for you to consider:

  • Are you or have you ranked your team in the past 12 months?
  • Who’s the best, most qualified L1, manager, or team leader?
  • Whose the least effective?
  • Who’s the most qualified individual contributor?
  • What have you or are you doing to keep that individual focused on your company, your vision or their career advancement?

At the end of the day, we need “A” players on our teams thus generating a cohesive workplace environment that rewards “extraordinary” performance.


We at Vistage Worldwide believe we have another option for your consideration to retain top talent. We are piloting a 2-year learning lab (every other month – one full day) for your high performers (class size from 20 to 30). We have identified 12 leadership competencies that will energize your middle management within your organization. If interested, please read more via this link and email or have your admin call me if you want to have a deeper dive into securing a seat around our table in developing and expanding your leadership team.

VistageAustin Emerging Leader Program https://edstillmantx.com/emerging-leaders/

Continued successes,

Ed Stillman

M/T 512.422.6232


Published by edstillman

I grew up in Carlsbad, north San Diego County, lost my dad as a teenager, went into the USAF for four years and hired on with 3M in 1969. Received my AA from Santa Barbara City College, BA and Masters from Redlands University and after 33 plus years, I retired from 3M in 2002. As I look back on my life, I have been creating myself and developing my skill sets to be a business coach and a Vistage Chair. I am president of SEOT, a "personal improvement" consulting firm spending most of my time working with Central Texas executives running small to medium size for-profit companies who are focusing on improving their profitability greater than their competition. My area of interest is assisting senior executives in creating a better balance between business commitments and personal relationships. I also facilatate three leadership labs each consisting of a dozen owners, presidents and CEOs. We meet monthly both in a group setting as well as in a 1-to-1 coaching session. Our focus is to sharpen each others' skills in becoming better leaders, making better decisions and taking ourselves and companies to that next level. Who are we? My members are experienced top executives who recognize that they don’t have all the answers and who actively seek the company of successful peers—both to give and receive insights and ideas. My members mine the 200 plus years of chief executive experience that comes together in our monthly meetings and members are eager to offer their own experience and insights in the process. As a group, we spend our time exploring topics members can't discuss anywhere else. My members have many other places where they can engage in idle, "cocktail party" chatter. Our mission is to provide the setting for discussing the "undiscussable." Where or who can you go to for confidential, honest feedback to assist you in minimizing your personal "Worry List"?