Predictive Analytics
The ITN Workforce Turnover Audit uses a detailed analysis of job-related workforce experiences customized to the structure of your organization. Through our Diagnostic and AI Predictive models, we identify your organization's development priorities related to demographics, job, team, manager, and organization.
How The Audit Works
The Problem
The Solution
The Problem
Turnover has been the highest it has been in over a decade. The turnover problem is even worse for the blue-collar workforce. If businesses are not careful, they can expect to lose more than 1 in 5 of their employees in the next year. High turnover rates lead to high replacement costs and even more concerning lower workforce productivity.
The Cause
The Solution
The Problem
Aside from pay and benefits, there are a few common reasons employees leave. (1) Not a good fit for the job. They lack the skills, behaviors, and attitudes needed for success. (2) Lack of Opportunity. We all want to learn and grow. Failure to provide an opportunity for development leads to a turnover. (3) Poor Work Environment. Whe
Aside from pay and benefits, there are a few common reasons employees leave. (1) Not a good fit for the job. They lack the skills, behaviors, and attitudes needed for success. (2) Lack of Opportunity. We all want to learn and grow. Failure to provide an opportunity for development leads to a turnover. (3) Poor Work Environment. When employees don't get along and are not supported, they leave.
The Solution
The Solution
The Solution
We have identified three factors that can drive engagement and retention.
- Precision Hiring - Hire the right people for the job.
- Targeted Training - Give them the training they need.
- Employee Inspiration - Treat employees the way they want to be treated.
The Data Insights Solution
Turnover in an organization is a major challenge in today's competitive environment. You can rescue your organization from the churn and burn of high turnover by understanding the psychology of turnover and learning to measure its causes. The ITN Workforce Turnover Audit gives you the solution.
Components of the Audit
What Does the Audit Measure
The Workforce Turnover Audit is your roadmap for driving positive change in your organization. It provides custom data insights related to the job, the team, the manager, and the organization. Factors critical to the success of each aspect of the worker's job is examined in detail.
Detailed Diagnostic Data
The audit’s diagnostic data takes a detailed look into the responses by organization structure. In the example below the data looked at the organization’s probability of turnover scores by Division, Gender, Tenure and Age. From the results table, we can see the data identifies an issue with the engagement of newly hired, young, female employees. Give customers a reason to do business with you.
AI Based Predictive Models
The ITN Turnover Audits also use AI-based predictive modeling to provide strategic direction for the development of each of the attributes analyzed: Job, Team, Manager, and Organization. To achieve this goal, an ensemble of machine learning algorithms is developed to create a composite, predictive model. The predictive model then identifies the important factors related to retention.
Benchmarking
Benchmarking is a great way of discovering how you are performing. It is easy to always think that you are doing well and making progress. Data on the actual results with a comparison to a prior results, a competitive set, or industry norms is a great way to identify gaps and weaknesses in current practices.
The Turnover Solution
Turnover is a major challenge for many organizations, especially for low-wage jobs. The answer to the challenge is to take a data-based approach to (1) Hiring the Right People (2) Give Them the Training They Need and (3) Treat Them the Way They Want to be Treated.
Actions for Predictable Performance
Precision Hiring
Employee Inspiration
Targeted Training
Different people were made for different jobs. Keeping employees starts with hiring the right employees. The first step in this process is to take a holistic view of the job needs. We create a carefully thought-out Workforce Selection Factors worksheet that encompasses the many aspects needed from a job applicant, including prior experien
Different people were made for different jobs. Keeping employees starts with hiring the right employees. The first step in this process is to take a holistic view of the job needs. We create a carefully thought-out Workforce Selection Factors worksheet that encompasses the many aspects needed from a job applicant, including prior experience, skills, attitudes, behaviors, motivators, and the general mental ability needs relative to the job requirements.
Targeted Training
Employee Inspiration
Targeted Training
Employees place an enormous value on learning and personal growth. It is simply human nature to want to learn, develop, and realize growth opportunities, and there is a direct connection between lack of development opportunity and high turnover. To address this need, we analyze the data from our Workforce Turnover Audit to uncover any i
Employees place an enormous value on learning and personal growth. It is simply human nature to want to learn, develop, and realize growth opportunities, and there is a direct connection between lack of development opportunity and high turnover. To address this need, we analyze the data from our Workforce Turnover Audit to uncover any issues and problem areas.
And since we understand that one-size-fits-all solutions are not the answer, we develop and employ targeted, custom training solutions to address your organization’s specific needs. Our carefully tailored system of checks and balances will ensure your employees’ success.
Employee Inspiration
Employee Inspiration
Employee Inspiration
Employees need to feel like they are important, that the company cares about them, and that they have a good relationship with their co-workers and their managers. They need to trust the values and vision of the company. In our experience, this requires a high degree of understanding and adaptability, especially by supervisors and front-
Employees need to feel like they are important, that the company cares about them, and that they have a good relationship with their co-workers and their managers. They need to trust the values and vision of the company. In our experience, this requires a high degree of understanding and adaptability, especially by supervisors and front-line managers. If our audit reveals a workplace environment issue, we can help you take a deeper dive to pinpoint the exact cause and develop a custom plan and process to create a workplace where employees want to be.