How to Measure Employee Lifetime Value - Karim Lessard

Published: July 5, 2022, 2 p.m.

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In today\\u2019s episode, I chat with Karim Lessard, Technology CEO, serial entrepreneur & my co-founder at BentoHR.

What can you say about someone who\\u2019s stood by you when times were tough? When the easiest thing, the most practical thing, to do is cut your losses & simply walk away. The pandemic was an inflection point for all of us. Personally & professionally. And for agency owners such as myself, at times it was pretty bleak.

I haven\\u2019t publicly shared a lot of what we discussed in today\\u2019s podcast. The ebbs & flows, the twists and turns. Though as we mark our 100th podcast episode, it seemed only fitting to have my business partner, and BentoHR co-founder, join us for a frank discussion on what the last 2+ years have been like.\\xa0

Karim Lessard is an accomplished leader in his own right. A serial entrepreneur with origins in financial services, then technology. Today Karim serves as the CEO of 7Simple Machines, a Seattle-based consultancy and incubator that untangles workplace digital complexities, delivering simple, elegant solutions.

Employee Lifetime Value is a concept borne of this difficult time. Fitting as it solves a particularly difficult challenge. Quantifying the return on internal organizational investments - think employee training, experience and technologies - is nearly impossible in most organizations.\\xa0

Employee Lifetime Value provides a framework to have these discussions. To quantify an organization\\u2019s current state, establish its desired future state, and for the first time, to begin productive, quantitative discussions that make the business case for digital transformations.\\xa0

Karim Lessard

Karim Lessard began his banking career with Seafirst Bank and ended it 17 years later shortly after the collapse of Washington Mutual. He moved into technology start-ups and now runs 7 Simple Machines, a technology firm and incubator that has spun off companies in HR (BentoHR) and health care (Contatto Medical).\\xa0

Karim is very involved in the Circular Economy and is the co-founder of Regenerated Textile Industries, a start-up that\\u2019s building machines to modernize the apparel supply chain by making apparel out of recycled textile waste. Karim serves on the Board of Trustees at The Bush School with an emphasis on DEI, Finance and alumni engagement.\\xa0

Karim drives old Land Cruisers, skis, and builds things like snow caves, and tree houses.

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Matt Burns

Matt Burns is an award-winning executive, social entrepreneur and speaker. He believes in the power of community, simplicity & technology.

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