Reducing Manager Turnover through People Analytics and Retention Strategies
Date and time: September 11, 2019 2:00 pm ET
Lexy Martin: Principal, Research and Customer Value, Visier
Dr. Anton Smessaert: Head of Data Science, Visier
Russell Klosk: Strategy Principal Director, Accenture
Managers play a critical role in the success of every organization – losing just one is costly. As a whole, 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, lost revenue while their positions are vacant, and the incalculable impact on those who work and interact with them when they leave. An organization of 10,000 can save $4.5 million through manager turnover reduction.
To achieve true insight into how to reduce manager resignations, you need more in-depth analysis of what’s causing turnover in different parts of your organization. And to reduce manager turnover, you need a precise retention strategy.
This session will highlight examples of how organizations using people analytics outperformed their peers by lowering manager turnover by 17% after two years, steps to begin using people analytics to reduce manager turnover, how to calculate the true costs of manager turnover, and the keys to a successful retention strategy.