Employees are the most valuable asset at any company. Employees create and sell the company’s service or product, manage customer interactions, create company culture, and are the face of the brand.
Onboarding and training of new employees comes at great expense, and losing seasoned and top-performing employees is even more costly. That is why it is key that HR professionals understand the factors that contribute to flight risk, and what they can do to minimize flight risk within their organization.
What Does It Mean if An Employee Is a Flight Risk?
At Salary.com, we define flight risk as the likelihood that an employee or a top performer will leave your company – typically for a better job opportunity elsewhere. A flight risk employee is typically seeking a higher salary, a promotion, or a new challenge outside your organization, often because they are dissatisfied with their current pay and career opportunity within your organization.
If an employee feels stuck in their role, underpaid in comparison to their lower-performing or less-tenured peers, or even if they recently received a promotion but didn’t get the raise they desired, they are a flight risk. In those cases, it’s natural for them to seek greener pastures elsewhere.
Here at Salary.com, we have worked with thousands of clients to define the meaning of flight risk and create tools that enable companies to identify flight risk employee while there is still time to take corrective action. We’ve thoroughly studied flight risk, meaning we’re in a unique position to offer insights into how you can get ahead of flight risk in your own organization.
What’s Another Word for Flight Risk?
What is a high-risk employee? What is a flight risk employee? Not all organizations use the same term for these types of employees. In general, a flight risk employee is one who is dissatisfied enough with their current pay, position, or prospects to look elsewhere for new opportunities.
Your organization may use different terms to describe these employees. They may be referred to as:
- Rising stars – top-performing employees who you recruited for the job they’re in now are very likely to be recruited for other more challenging positions in the future, both from within and outside of your organization. These people are high value and know it. Without proper compensation and career planning, they are a flight risk.
- Pathless employees – employees desire a career path, but not all feel they are heading down the course they desire, or at the speed they desire. These employees need mentorship, coaching, and clear goal-setting. At times, they may also require course correction and help with expectation setting. Career pathing discussions can help alleviate flight risk concerns among this group.
- Disengaged employees – some employees just don’t care much about their job anymore. Perhaps something went south, or perhaps it was a bad hire from the start. Regardless, these individuals can be contagious, having a negative impact on company culture and morale. While these employees may be at risk of leaving your organization, their departures may not be a bad thing overall.
Flight Risk Analysis Can Identify At-Risk Employees
The ideal employee is one who works hard and stays with the company for years – and typically feels they are compensated fairly along the way. But not all employees feel that way. Seeking to retain every employee is not realistic and it is nearly impossible to do, especially if your company has lots of employees.
It is valuable to focus retention effort on top-performing employees and those employees who are in critical roles that your organization can’t live without – especially those flagged as a flight risk. And before you can begin to discuss solutions for your turnover problems, you must first identify the flight risk employees in your organization who meet these criteria.
Luckily, Salary.com has built a flight risk assessment tool to help identify these individuals. Our configurable flight risk report allows you to connect the dots between the market competitiveness of your pay programs and the other variables in your organization that can contribute to flight risk, such as employee performance and tenure. This allows you to quickly spot employee outliers, such as top performers who are underpaid versus the market – a classic flight risk scenario.