By Statistics Solutions Team
Employee retention, and by contrast attrition, is critical to a company’s productivity, morale, customer service, and bottom line. Yet what strategic analyses are management conducting to reduce its incidence? Before a prescription, there must be a diagnosis of the problem—that is, identifying the contributors of retention and attrition. That is where predictive analytics can help.
Predictive analytics can be used to identify relationships among factors related to employee’s intention to leave. Before identifying some of the factors, let’s understand a few of the practical implications of employee retention.