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Dr. Kurt Love

πŸ‘€ Speaker
150 total appearances
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Podcast Appearances

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

And are they even, they may be doing their own sort of informal recruitment for you, which costs nothing.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

When there is an opening, they may know somebody who's really talented and would be a great fit.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

for that business.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

So all of those things become just, it's actually quite measurable.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

Again, once you start to dig down into that within your company, now you have a good sense of how much money are we actually saving by creating this really stable, very workable environment that people want to come to.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

So as a CFO, that's the side that tends to be the blind spot that we're not necessarily looking at.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

We're looking at things that seem to be, quote unquote, more tangible, which I get.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

But one of the biggest and most missed things

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

ROIs, is this, how are we creating this environment that is optimizing the folks that are there, supporting them?

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

Are they feeling good about coming to work and are they recommending it to other people, especially when it comes time to look for new talent?

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

So that pays for itself in dividends, right?

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

I think there's, once you wrap your head around that, you go, yeah, right.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

And as a CFO, if you don't have a system in place to actually track that, it's really hard to make the case that this is going on.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

Right.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

So, again, this blind spot can be very costly.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

It can be something that you may actually have something really good going on, but you're not tracking it.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

So you don't know.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

And then you can't make the case for continuing along these lines.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

And then something happens.

The Digital Executive
Dr. Kurt Love: The Hidden Cost of Quiet Cracking | Ep 1266

And all of a sudden you start to lose that and you're wondering, wait a minute, what's going on now, right?