{"id":4642,"date":"2019-11-27T20:25:14","date_gmt":"2019-11-27T20:25:14","guid":{"rendered":"https:\/\/authbridge.com\/?post_type=post&p=4642"},"modified":"2024-01-11T04:35:23","modified_gmt":"2024-01-11T04:35:23","slug":"exit-employee-analytics-a-powerhouse-of-culture-retention-strategies","status":"publish","type":"post","link":"https:\/\/authbridge.com\/staging\/resources\/blogs\/exit-employee-analytics-a-powerhouse-of-culture-retention-strategies\/","title":{"rendered":"Exit Employee Analytics’-A Powerhouse of Culture & Retention Strategies"},"content":{"rendered":"
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Attrition can cost up to 2.5 times the salary of an employee and is a major pain point for HR.<\/h2>\n

One of the most critical issues that companies face relates to the retention of valued employees. Given the market competition in terms of talent acquisition, there is a high rate of attrition across industries. Yet, while 87% of HR teams are aware that employee retention is critical for organisational success, very few companies have a scientific strategy in place for exit employee analytics. One of the smart retention strategies is to invest in exit employee analytics.<\/p>\n<\/div>\n

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Exit Employee Analytics: The star of Attrition Management strategies<\/h2>\n

A study from Owl Labs found providing remote and flexible work opportunities resulted in 25% reduction in attrition. A Glassdoor study found that 35% of employees wanted to quit because of poor pay package and would stay back if offered a 20% raise in salary.\u00a0 Companies that invest in high levels of engagement and fostering a great workplace culture are likely to experience greater retention rates.<\/p>\n

Conventional retention strategies include an improvement in pay and benefits, investment in training and flexible work hours. However, exit interviews and data insights from exit employee analytics can help shape retention strategies in a better way.<\/p>\n

Using smart exit employee analytics to devise attrition management strategies helps in developing an engaged workforce that is flexible and agile with the help of precious insights. HR teams in India manage a diverse group of employees and have an acute need for data analytics to gather meaningful data insights. Exit employee analytics yield benefits that include enhanced productivity and greater synergy among the workforce.<\/p>\n<\/div>\n

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Exit employee analytics that is data-driven can answer the following key questions:<\/h2>\n