Our HR data analysis reveals vital insights into our workforce:
- Total headcount: 1,470 employees.
- Active status: 83.9% (healthy retention rate).
- Attrition rate: 16.1% (needs attention).
- Average performance rate: 78.8%.
- Self-estimated satisfaction: 68%.
- Relational satisfaction: 67.8%.
- Environmental satisfaction: 68.2%.
- Job involvement: 68.2%.
- Millennials comprise 63% of our workforce.
Key findings:
- High attrition in Sales (20%).
- Entry-level attrition: nearly 40% with lower satisfaction.
Recommendations:
- Sales Department Retention Strategy: Implement strategies like regular check-ins, career development, and improved compensation.
- Entry-Level Employee Support: Enhance onboarding, offer mentorship programs, and clarify career paths.
- Generational Engagement: Tailor HR strategies for millennials with flexible work arrangements, skill development, and recognition programs.
- Employee Satisfaction Improvement: Conduct engagement surveys and act on feedback to boost satisfaction.
- Performance Enhancement: Provide training opportunities for continuous improvement.
- Regular Attrition Data Review: Monitor attrition data regularly by department and job level to identify trends.
- Diversity and Inclusion: Promote diversity and inclusion for a more inclusive work environment.
- Employee Recognition: Implement a recognition program to reward exceptional performance.
- Career Path Communication: Clearly communicate career paths within the organization.
- Exit Interviews: Conduct exit interviews to gather insights from departing employees.
Addressing these issues can enhance retention, job satisfaction, and overall workforce stability.