You are correct. I was looking for a stark contrast in business performance that would be assured of having the same employee base. I think it is still true in

You are correct. I was looking for a stark contrast in business performance that would be assured of having the same employee base. I think it is still true in companies where the business has run its course and sales are declining over time that the business performance can reduce engagement. The more time that passes, the more employee turnover and it's therefore less direct in causation.