How Leveraging People Analytics Can Help Solve Your Employee Turnover Problem

Summary:

CT discusses the importance of people analytics in improving employee retention. People analytics is the practice of using data to understand the workforce and make informed decisions. By analyzing employee engagement data, identifying flight risk indicators, and personalizing development opportunities, companies can create a workplace where top talent can thrive. However, CT emphasizes that people analytics is a tool and should be combined with effective communication, leadership, and a supportive culture for successful implementation.

Key Takeaways:

People analytics helps HR leaders understand what drives employee engagement and develop targeted retention strategies.

Analyzing data points such as performance, tenure, and engagement can help identify flight risk indicators and intervene proactively to retain valuable employees.

Personalizing development and growth opportunities based on employee skills, aspirations, and career goals fosters a sense of belonging and loyalty, increasing retention rates.

Timestamp

[0:00:00] Introduction to people analytics and its benefits for retention

[0:00:45] Using employee engagement data to improve retention

[0:01:45] Identifying flight risk indicators through predictive analytics

[0:02:45] Personalizing development and growth opportunities using analytics

[0:03:30] Importance of combining people analytics with effective communication and culture