I came across this very interesting article in McKinsey Quarterly focusing on engaging critical employees in the organization. It speaks about mapping the probability of an employee leaving the organization vs. the difficulty in replacing him/her. Essentially, it talks of a matrix that looks somewhat like this:
So what this is saying is that an employee falling in the red zone has a higher probability of leaving the organization (based on factors such as market demand, salary trends, family situation etc.) and it will also be very difficult to replace him / her.
We tried to implement this in our organization but came across some roadblocks. We found that somehow the criticality of the role that was being played by our employee was getting missed out. We wanted to get in the job role aspect rather than only focusing on the person. This was because we were not sure of skills being the only differentiating factor. We tweaked the matrix as follows:
This gave us an idea of how important the person was to us with regard to the work that he was performing and his/her Replaceability. The definitions for the boxes in the matrix were tweaked to build in the probability of the person leaving and the difficulty in replacing him/her.
This is a great tool to help your line managers engage in discussions and help them understand each of their subordinates in a deeper manner. This gives great insights into identifying the motivational anchors of the team and these can then be clubbed together to identify themes on engagement. In this particular case, this matrix was used for succession planning in the organization to identify and keep a ready pipeline for the ‘red box’ positions / persons.
