Skip to main content
On-Demand WebinarsPeople AnalyticsResources

Understanding and managing the true cost of employee turnover

By January 6, 2021February 2nd, 2022No Comments
Webinar On-Demand

Understanding and managing the true cost of employee turnover

Businesses and HR know that turnover is expensive. In many cases, churn is an organization’s largest avoidable expense. In order to build a business case for retention, it’s critical to know the actual cost of turnover.

Many HR organizations estimate the cost of past turnover, which is a good start. It gives perspective to the size of the problem.

However, to drive business outcomes. we need to answer more questions about our workforce.

  • What will turnover cost in the next 6 months?
  • What factors will cause future turnover?
  • How can you understand the impact of your recruiting efforts in relation to turnover?
  • How do we measure the ROI of a retention plan?

Join our SplashHR team for a discussion and demonstration of how SplashHR uses people analytics and machine learning to automatically calculate the cost of turnover, identify the reasons for future turnover and help prescribe a plan to increase retention.

Additional Resources

People Analytics with Tableau or PowerBI 1
On-Demand Webinars

People Analytics with Tableau or PowerBI

People Analytics has evolved from a nice-to have to a must-have for organizations to maintain a competitive advantage in their respective industries and in the…
Top 3 reasons HR needs a People Analytics strategy in 2022 2
On-Demand Webinars

Top 3 reasons HR needs a People Analytics strategy in 2022

As organizations and leaders look ahead to the coming year, there are a few important workforce related issues that dominate the headlines.
How to evaluate and choose the best option? 3
On-Demand Webinars

How to evaluate and choose the best option?

People Analytics can be hard and there are many technological and functional approaches. How should we evaluate and what are the best options for my…