You need to learn about your churn!”. But what is churn? Am I going to talk about machines and techniques to improve butter production? Well, no, I am talking about the other type of churn, specifically employee churn, or turnover – the rate at which employees leave a workforce and are replaced.
Unplanned employee absenteeism is undoubtedly a significant cost driver for any business. We helped our client, a major player in the cleaning services field, tackle spiraling absenteeism with people analytics.
Employee turnover has a big impact on productivity, morale, and brand image. Here is how we helped a major player in the logistics industry tackle this with people analytics.
“Daddy, did you check the weather forecast?” This is the question my daughter asks me almost every morning. Maybe I should do this more often. Just like not checking the weather forecast often leads to us coming home drenched in rain, ignoring good HR data & analytics can also leave us out in the cold.
Investing in people analytics leads to a win-win for the business as well as its people. Here are 7 useful steps to consider when undertaking workforce analytics.