The Chief Analytics Officer’s Guide to Employee Attrition
The Big Ideas
- The most important difference between employee versus customer churn is that a business has the greatest choice in hiring someone; predictive analytics can play a formative role in the employee mix.
- Advanced analytics can use transactional sales or production figures to calculate individual employee value curves and breakeven values for each employee.
- In predictive hiring, look for signals that reliably show a candidate is more likely to stay longer in the role. The result of a good model will be better employees and a higher average employee lifetime value.<