Metrics showing cost, value and survival curves illustrated in this Guide, should be produced by every Finance and HR department for every significant role.
Cambridge, MA (PRWEB) March 16, 2015
Talent Analytics, Corp. today announced the immediate availability of a groundbreaking free Executive Guide that explains the benefits of applying advanced predictive analytics techniques to calculate the cost of employee attrition.
While many business leaders understand employee turnover can be massively expensive, most fail to grasp exactly how much it costs their organization’s bottom line. Though marketing may have worked out the lifetime value of a customer to 5 decimal points, few have ever considered the lifetime value of an employee.
This compelling Guide will walk Executives through a proven framework for understanding and measuring the cost of employee attrition and the benefits of knowing an employee’s cost, value and their probability of survival (or attrition) in key roles. Example graphs are provided for each.
“The three critical metrics we introduce in this Executive Guide - employee cost, value and survival - serve enterprise goals,” said Talent Analytics’ CEO Greta Roberts. “These three metrics are the key indicators of how employees last and perform for the business. Actual performance in a role is the single most important employee metric. It answers the question, is the employee delivering value to the business?”
This Executive Guide explains how the value of an individual employee contribution can be reasonably calculated for many high volume, high turnover roles that desperately need attention. These roles include Sales Reps, Call Center Reps, Bank Tellers, Insurance Agents, Financial Advisors and the like.
“Metrics showing cost, value and survival curves illustrated in this Guide, should be produced by every Finance and HR department for every significant role,” said Talent Analytics Chief Scientist Pasha Roberts, the Guide’s author. “They capture the essence of the role’s impact on the company, and set the stage for the development of powerful pre-hire predictive models.”
To access the PDF guide, please request it via TalentAnalytics.com:
http://www.talentanalytics.com/resources/cfo-chros-guide-to-employee-attrition/ or stop by the Talent Analytics booth at Predictive Analytics World for Workforce in San Francisco, March 31-April 1, 2015.
About Talent Analytics, Corp.
Talent Analytics, Corp. uses data science to solve employee performance and attrition for high volume roles including Call Centers, Insurance Agents, Sales Reps, Sales Engineers, Bank Tellers, and the like. Much of our work predicts top and bottom performers pre-hire.
Our predictive scoring algorithms are beautifully and easily deployed into the employee sourcing, recruiting, hiring, and operations process via our award winning cloud platform, Advisor.