A key HR concern today is volatile employee attrition rates as this leads to a significant amount of expenditure towards getting a replacement for a high performant, loyal employee. Hence to curb employee turn over, employee retention rate is a key metric for any organization's HR strategy.
OAX enables an organization to analyze data across various dimensions like department, business unit, locations within metrics like headcount retention, FTE retention, new hire retention, new hire FTE retention, new hire headcount retention & voluntary retention to name a few. This can be extended by minor usage of calculations to meet your organization's needs. We have built the following analysis to get you started analyzing & predicting retention trends and strategize accordingly.