The Hidden Cost of Retention

Businesses evolve. As they grow and shift, the teams and customers that drive them forward need to evolve, too. But not everyone can – or wants to – adapt. And that’s where things get tricky. Retention, both of staff and customers, is critical. But hanging on to people at all costs isn’t always the right move. In fact, it can hold a business back.

When it comes to retention, there’s a point of diminishing returns. People change. They outgrow roles, lose energy, or become too comfortable. The same goes for customers. Just because they’ve been with you for years doesn’t mean they’re still the right fit for where your business is headed. And that’s okay. It’s not just natural – it’s necessary.

We want our teams and customers to stick around, to be loyal and invested. But keeping people for the sake of it is a recipe for stagnation. Staff can become blinkered, tired, and stuck in one gear. Customers, too. A business that clings too tightly to what was risks missing what could be.

Successful businesses don’t just accept change; they encourage it. They understand that sometimes moving people on – whether it’s staff or customers – is what keeps the business fresh, innovative, and forward-thinking. It’s about balance. You need loyalty, yes, but you also need new ideas, new energy, and new faces to bring fresh momentum.

We need to keep our finger on the pulse, and take time to step back and reflect. Know when it’s time to push forward, when it’s time to inject new life into your team or customer base. And be brave enough to make the tough decisions. It’s never easy when people leave, but sometimes that’s what’s best for them – and for your business.

Evolution isn’t just inevitable; it’s the path to success. If your team and customers aren’t changing, your business probably isn’t heading in the right direction. So embrace it: move people forward and on. It’s all part of the process.

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