To find out, smart HR managers use people analytics. All the relevant data is available in a database. Which data can be used for this purpose? Data such as overtime, pay levels, salary increases, the commute, share options and profit sharing – they can all inform the decision-making.
An examination of the individual factors will quickly point to a small number of key drivers. Using people analytics based on data from the HR Data Hub will help HR managers to find the true reasons for employees handing in their notice and to take action to counter the loss of skills by removing the cause.