Company XYZ:
Employee Turnover Analysis
Employee turnover refers to the rate at which employees leave an organization and are replaced by new hires. High turnover rates can be costly for a company, as it can lead to decreased productivity, increased training expenses, and decreased morale among remaining employees.
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A large company named Company XYZ, employs, at any given point of time, around 4000 employees. Every year, around 15% of its employees leave the company and need to be replaced with the talent pool available in the job market. The management believes that this level of attrition (employees leaving, either on their own or because they got fired) is bad for the company.
Objective
Insights
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How to reduce attrition from 15% to 10% or less in 1 year.
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To find out what changes management should make in order to reduce turnover rate.
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To provide key metrics for management to focus on.
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To provide recommendations for management on how to reduce attrition.
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How to reduce attrition from 15% to 10% or less in 1 year.
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To find out what changes management should make in order to reduce turnover rate.
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To provide key metrics for management to focus on.
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To provide recommendations for management on how to reduce attrition.
