What are HR Employee Retention Metrics and how DataKITE can help

With DataKITE employee retention metrics and analysis, HR can gain valuable insights into the health of the workforce, identify areas needing improvement, and develop targeted strategies to keep employees engaged and satisfied, ultimately reducing turnover and strengthening the organization.

Here are some key Human Resources employee retention metrics within DataKITE

  • Overall Retention Rate: This is the fundamental metric, showing the percentage of employees who stay with the company for a set period (e.g., one year).
  • Overall Retention Rate: This is the fundamental metric, showing the percentage of employees who stay with the company for a set period (e.g., one year). A good retention rate generally falls above 90%, but it can vary by industry.
  • Retention Rate by Category: This breaks down the overall rate by demographics, departments, or experience levels to identify areas where retention might be struggling.
  • Voluntary Turnover Rate: This focuses on employees who choose to leave the company, helping to pinpoint factors leading to employee exits.
  • Involuntary Turnover Rate: This metric tracks terminations initiated by the employer, such as layoffs or performance-related terminations.
  • High-Performer Retention Rate: This metric isolates how well the company retains its top talent, crucial for maintaining a strong workforce.
  • Promotion Rate: Tracking internal promotions shows opportunities for growth and can boost employee morale and retention.
  • Average Tenure: This measures the typical length of employment, indicating employee satisfaction with their long-term prospects at the company.

In addition to these core metrics, DataKITE can also consider:

  • Employee Satisfaction Insights: Highlighting employee sentiment and engagement, which can be linked to retention.
  • Exit Interview Insights: Understanding why employees leave through exit interviews can provide valuable insights into areas for improvement.
  • Flight Risk: Predictive analytics can identify employees who might be at risk of leaving, allowing HR to take proactive steps to address concerns and improve retention.

If you want to learn more about how DataKITE can help present your HR employee retention metrics, clink on the link below.

“DataKITE is one of the best tools I’ve used for really powerful, insightful analysis and visuals.”

Jane Roberts
VP Vision 
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