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Showing posts from March, 2011

Cadres Decide Everything!

About a month or so ago I've glanced through a very interesting article in the Bloomberg Businessweek magazine that talked about SAS,the world's largest privately held software company, and its success in keeping employee turnover rate down to 2.6 percent (in 2010). Compare this to the info-tech industry's average of 22 percent and you will see a monumental scale of this achievement. I find it interesting that SAS doesn't make a big fuss out of the results of its sound retention strategy by flashing it across the website or having it enshrined within corporate motto (like so many IT consulting companies do). Instead, SAS keeps focusing on its core strengths of business intelligence and analytics, but with a clear understanding that every business is, first and foremost, a human endeavor (at least for now); and from that point of view - human capital is priceless.


The bottom line - SAS may sound dusty (conceived in 1966, incorporated in 1976) and may not bring to mind co…