Highlighted Metric: Employee Retention

Keep Your Best People
Every organization strives to keep their top employees and critical roles.Problem is, many lack the data to truly understand what really drives turnover. Prevailing thought always comes back to compensation, but that's not the whole story.
There are often better and more cost-efficient ways to reduce turnover than throwing money at the problem.
The answers lie hidden in your data. By unlocking this information, you can discover how other controllable factors influence turnover. How does management create retention? Engagement? Mobility? What other factors are indicative of employee risk?
Know the Risk Before it Happens
Once you understand what drives turnover, you've begun to do strategic workforce planning. From here, you can create a predictive model that accurately projects flight risk. This model allows you to plan individually, or to roll up to critical roles, functions, departments, geographies, diverse employees, etc. Our consultants have built hundreds of these, and understand how to build a custom predictive model that fits your business. Our models are in use at dozens of Fortune 500 companies, and many other smaller organizations.We do this using our technology and our expertise, allowing our clients to avoid purchasing very expensive software or analysts. We do this at a fraction of the price you would pay to do it yourself.
Now it's time to start impacting change. Each month or quarter, we deliver a report that shows who the top flight risks are, and more importantly, why. This report can be sliced by top performers, critical roles, geography, function, etc. This report shows not only who is at risk today, but who will be moving into an "at-risk" area in three, six, and nine months. By understanding where the risk lies not just today, but in the future, you make the coveted jump from reactive to practive.
Our clients who leverage us to get ahead of turnover by utilizing our flight risk technology and/or our Employee Retention Playbook have seen turnover reductions in the range of 5% to 45%.
Keys to Success |
Focus on a Few Key DriversTurnover is impacted by many factors. The key to using your time and resources wisely is understanding which factors have the most impact, and are most easily influenced. You can't change an employee's age, but you can change their career path. |
Numbers Don't Tell the Whole StoryFor some metrics just looking at numbers creates more questions than it answers. For example, knowing that 20% of your terminations are due to compensation is one thing. Knowing whether that number is trending upward or downward is another, far more impactful data point. |
Understand Internal MovementIn many organizations, more vacancies are created (and filled) by internal movement. If you're projecting for future gaps and recruiting need, make sure you're including projected transfers in and out of each group. |


