CASE STUDY

Turnover Prediction Reduces Labor Turnover by 25% For a Control Equipment Manufacturer

Sep 23, 2016

Business Challenge

Reducing the labor turnover rate. A leading global control equipment manufacturer wanted to understand the reason for increased labor turnover and was looking for a solution to predict and reduce turnover.

Situation: Excessive labor turnover causing high cost to company.

The control equipment manufacturer was facing significant increase in labor turnover in its Europe based plants, which in turn was causing production setbacks, disrupting operations and causing losses due to continuous loss of skilled resources.

Contact our analytics experts for detailed engagement insights.

Solution

Turnover prediction model to identify stores/areas at high risk.

We conducted employee survey and utilized the data with service analytics, rewards management, payroll analytics to analyze and validate the reasons for turnover. We also developed a turnover prediction model with high accuracy, conducted regression on top factors and created clusters of high risk clusters. The solution also provided customized dashboards for visualization of predicted turnover and mapping of plants/locations at high risk.

Request a FREE proposal to analyze how our analytics solutions can help you.

Impact

25% reduction in turnover.

On the basis of our insights, the control equipment manufacturer was able to identify the key causes of turnover. Client utilized risk flagging to predict potential turnovers, which helped them improve recruitment planning to avoid being blindsided by the loss of critical workforce. The client was able to reduce the turnover rate by up to 25%.

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Case Studies

Industries

Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.

Insights

Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.