Employee turnover or churn is a major challenge for many firms these days. Doing predictive employee turnover analysis (PETA) has unique advantages. It turns traditional (descriptive) turnover analysis to an inferior ‘product’ definitely. PETA looks at employee turnover in a three-dimensional way: 1) what were turnover patters in the past years?, 2) how did these […]
For a recent turnover analysis project with a client, we have developed a comprehensive project flow chart which we’d like to share with you. The client, a large market leading company, is suffering from junior expert churn/turnover. During the previous years, we were able to gather an enormous amount of data from this client, including […]
As Prof. Baesens stated in a previous blog post on predictive employee turnover analysis, employee churn is a major problem for many firms these days. Prof. Baesens: “Great talent is scarce, hard to keep and in high demand. Given the well-known direct relationship between happy employees and happy customers, it becomes of utmost importance to […]
Employee churn is a major problem for many firms these days. Great talent is scarce, hard to keep and in high demand. Given the well-known direct relationship between happy employees and happy customers, it becomes of utmost importance to understand the drivers of employee dissatisfaction. In doing so, predictive analytics can be a core strategic tool to help facilitate employee engagement and set up well targeted employee retention campaigns. In this blog article, Prof. Bart Baesens from the KU Leuven University (Belgium) will zoom in on some of the challenges that accompany this.
Instead of using descriptive analysis (tables, reports, ratio’s, metrics, etc), predictive analytics will enable organizations to analyze the past and look forward to spot trends in key factors related to voluntary termination, absences and other sources of risk. Unfortunately, most organizations lack a consistent and holistic view of the work force and the needed HR […]