Key insights from Exit Employee analytics
Exit employee data can reveal important insights on how effective the management and retention strategies are. While a steady stream of voluntary resignations despite salary improvements can clearly indicate poor quality of management, the kind of employers or industries these employees are joining can indicate the trend. The following are some of the other key actionable insights that HR can derive from exit data.
- Which Employers are your ex-employees joining
- Which Industries are your ex-employees joining
- Gender-wise attrition
- Level/Designation/Band wise attrition
- Age group wise attrition
- Department wise attrition
- The manager who has the maximum attrition
- Possible reasons for exit
- The most often quoted reason for exit
Using WorkAttest™ to derive meaningful data
HR professionals need to store and manage exit employee analytics in a systematic manner in order to derive meaningful strategies for retention. Manual entries are time-consuming and error-prone; they can also result in the loss of data. In a highly connected world, HR professionals not only need to provide verification of ex-employees but also verify future employees in an efficient way.
WorkAttest™ from AuthBridge is an online repository for exit employee analytics as well as breathing productivity into HR using automation and sophisticated technology. WorkAttest™ takes away the hassle and pain of maintaining elaborate records and retrieving them. With just a few clicks, the data on each employee can be uploaded onto the WorkAttest™ platform.
The third-party background verification provider has to just log in to the platform to search for the relevant data.The automated platform makes the analysis of any number of data a breeze which means devising retention strategies can be evidence-based and scientific. Employers can be relieved on handling incoming requests while they get useful data on exit employee movement like never before. And it all starts with sharing!
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