The Peakon Monthly March Broadcast
When your employees resign, it can cost your company between 50% to 250% of their salary to replace them. However, while attrition is inevitable, you can take steps to reduce it. Understanding what causes it means you can be proactive to better manage the impact it has on your organisation.
In this episode, Michael, our Director of Employee Experience, and Jakob, our Senior Data Scientist, take a look at the reasons why team members quit, and how low employee engagement directly contributes to staff turnover.
These concepts underpin our new Attrition Prediction feature, which helps organisations forecast when and why turnover is likely to happen, and the warning signs to look out for.
While employees leave roles for a number of reasons, we’ve identified four key indicators from our dataset that can have an impact on when and why they might resign, including tenure length and declining engagement.
Watch the full webinar recording to learn more about how you can monitor attrition using Peakon and use the insight to inform your engagement and recruitment strategies.
If you have any questions, please contact our team at support@peakon.com or reach out to your Customer Success Manager. If you would like to register for the live broadcast and participate in the Q&A session afterwards, send me an email.