How to use predictive analytics to reduce employee turnover?
Employee turnover costs, a lot. Take this example. Turnover at 19% annually (meaning that 19 out of 100 people leave each year) will cost an organization in the IT industry (where avg. revenue per employee is around $400,000) in the neighbourhood of $80,000 a year in direct replacement costs, and an astonishing $1,100,000 annually in lost revenue. Employee turnover eats money, especially when turnover includes some of your top performers. An employee leaving is very clear to