Employee turnover is a major concern for every organization. Unfortunately, many organizations lack the information and resources to proactively address these issues. Simply knowing which positions, particularly those of a high profile, are most likely to result in turnover allows an organization to put succession plans in place. By proactively addressing issues, organizations are able to keep productivity at constant levels and protect the bottom line. In order to identify the positions that are most likely to result in turnover, organizations should consider using a comprehensive Succession Planning system.
Traditionally, much of the information available to Human Resources for reporting was reactionary. For example, HR could provide information on attendance, but not tie it back to the company’s objectives or indicate how attendance trends could impact future performance. Cloud based HRIS systems with comprehensive analytic tools do just that and more. By analyzing the past, the HRIS system is able to identify trends and indicate instances where turnover is likely to occur. Additionally, these tools allow an HR department to see how those at risk roles are distributed across the organization. Having this information can allow a company to proactively search for new candidates or to build comprehensive succession plans. Additionally, if at-risk positions are restricted to certain departments, predictive retention modeling provides information that can be used to train, develop and manage management.
There are several benefits to using a predictive retention modeling system, including:
The ability to predict what positions are most at risk for turnover and to proactively address those risks is one of the best ways to improve a company’s focus and productivity. Comprehensive, cloud based HRIS systems such as SAP SuccessFactors provide this capability and much more such as Succession Planning to reduce the risk of key personnel leaving your organization.
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AltaFlux understands what you and your organization need to excel, and can deliver rapid innovation to unleash your full workforce potential. Together, we can empower your business by streamlining, transforming, and optimizing your key HCM and talent processes with industry-leading SAP SuccessFactors technology—enabling you to adapt at the speed of change.
AltaFlux Corporation is a global HCM cloud consulting partner based in Troy, Michigan. We empower organizations by streamlining, transforming, and optimizing key human capital management (HCM) processes with industry-leading HCM cloud solutions like SAP SuccessFactors, Benefitfocus, WorkForce Software and Dell Boomi.