Compli says its Turnover Analytics provides reports and graphs to help managers identify trends in turnover rates and the causes behind them, thereby enabling management to take proactive actions to mitigate areas of avoidable loss.
With employee turnover costs often running around 25 percent of an employee’s salary, and even higher for executive employees, it’s vital for managers to be able to track and analyze this data over time to retain their best talent, Compli says.
Turnover Analytics managers will have access to the following information:
- Turnover percentage for each termination reason, location, group and supervisor
- Reporting for both full-time and temporary employees
- Company’s overall turnover percentage
- Distribution of voluntary versus involuntary terminations
“Turnover Analytics enables our customers to proactively address the massive cost and disruption related to employee turnover,” says Lon Leneve, Compli president and CEO. “Effectively managing the entire employee lifecycle is critical, from hire to new-hire orientation to the entire employment experience, and understanding why companies lose employees they would like to keep is an important part of that process.”
He adds, “With these new analytic capabilities, managers will have real-time information to detect turnover trends, including what’s happening by location and supervisor, which will have a dramatic impact on a company’s ability to go after the root cause of the problem.”
