Employee Attrition Prediction

Employee attrition is one of the critical problem faced by every organization. Losing employees result in performance losses as it leaves gaps in execution capabilities. Hiring a replacement costs the organization time as well as money and potentially runs the risk of employee not working out for the organization. Most of the organizations don’t even know the factors contributing to employee attrition which prevents them to take necessary actions for controlling attrition.

Jade Solution

Jade has developed an Employee Attrition Prediction solution which helps an organization in identifying those employees who are likely to leave, along with their cause. These insights help HR managers to prepare the necessary plan of action for various business functions. The solution predicts an outcome on each employee as to whether he/ she has a probability to stay or a high probability to leave.

 

The approach is followed in designing and developing this solution

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Employee Attrition Prediction

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Business Benefits

Applying predictive analytics to the HR department enables them to not just rely on gut feeling and soft science. This helps to:

  • Predict which employee will stay or leave the organization, thereby helping organizations to develop and improve the retention strategies.
  • Predict the risk scores for an employee, which can help the recruitment team to have suitable replacements on time and prevent revenue leakage.
  • Understand general trends, patterns and symptoms of attrition so that specific actions plans can be prepared for each trend, pattern and symptoms