DOES CLIENT LOYALTY FOLLOW COMPANIES OR PEOPLE?
Employee retention and strategies for optimizing it are a constant consideration for organizations. It might be particularly important for those having specialized, customer-facing employees. For those firms, an employee transitioning to a new firm brings along an additional issue. Will clients follow the employee rather than being loyal to the firm?This is particularly an issue for law firms, financial firms, and consulting groups, but all companies face it to some degree. It's an aspect of client retention that can cost firms, as it is an estimated seven times more expensive to acquire new clients than to service existing ones.A recent article in [...]