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Chapter 6 118 Multinationals fill their talent pipelines with graduates hired into technical and managerial traineeships. We applied survival analysis to seven years (2010-2017) of Human Resources information system data of 9013 graduate recruits in two large multinationals to explore how performance, talent, and expatriate management relate to human capital loss. At both organizations, graduate trainees’ voluntary turnover decreased with the favorability of performance evaluations whereas potential assessments had no incremental effect. Trainees were less likely to turnover voluntarily during short-term international assignment. However, at one organization, turnover risk increased after repatriation. Moreover, turnover rates and patterns differed significantly across organizational contexts.