Question: ACME Inc. has a problem, a big problem. It is losing employees at a rate of 1 8 % per year. Benchmarks in their industry
ACME Inc. has a problem, a big problem. It is losing employees at a rate of per year. Benchmarks in their industry are at For the past few years, new government regulations have been making the industry more competitive and profits are on a steady decline. The CEO has identified curbing the high turnover rate as a primary objective for the HR department.
The VP of Human Resources has hired a team of data analysts to look at the issue. The team performed advanced analysis on the anonymous corporate employee data integrated from several HR information systems. The dataset contains common and specific HRoriented features for approximately individual employees. Topics include demographics, satisfaction with the job and the company, absences salary, and even travelling schedule. For each individual record, there is also information determining whether the corresponding employee left the company at the end of analyzed period. This information is used to identify key features connected to attrition. By identifying data patterns that can predict current employee behaviour in terms of attrition, the company can develop strategies to address the issues
For the purpose of the casestudy, the dataset was inspected and using the logistic regression method, two different questions were answered:
Which specific factors increase or decrease the probability of attrition?
Which individual employees across different jobs are at high risk of attrition?
Regarding the first question, advanced modelling techniques like neural networks were able to identify "drivers" that influence the target variable: risk of attrition. See the article: What Drives Employee Turnover? Part for a list of the drivers of employee turnover. This kind of information provides seemingly straightforward insight. However, to deliver more thorough and usable conclusions, it is necessary to go a little deeper. One possible way to do that is to perform a separate analysis for different job types and roles. The next figure shows the importance of various factors for three different job categories: technician, scientist and salesman.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
