Prudent HR professionals keep watch over their employee turnover metrics–but knowing your employee turnover rate does little to support strategic business plans. To reduce manager turnover and overall employee resignations, you need people analytics.
The cost of manager turnover is significant and includes not only the direct costs to hire replacements, but also the lost productivity while new managers are coming up to speed and the lost revenue while a position is vacant.
In order to achieve true insight into how to reduce resignations, you need more in-depth analysis of what’s causing turnover in different parts of your organization. (Want to know how much manager turnover costs you? Use our online calculator to get the answer.)
This Visier Value report outlines how Visier customers beat their peers in retaining talent overall by 3.5% and lowered manager turnover by 17% after two years. Further, you’ll learn how to use your data to articulate which interventions will result in the most saved jobs–and the most cost savings–at your organization.
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