Human Resources: Why Analyzing Turnover is Not Enough

Across the HR landscape, employee turnover is the metric commonly used to describe the stability and health of a workforce. Reducing turnover is the most consistently cited goal when implementing hiring management systems. Kelly Northrop, Kronos Analytic Consultant, draws from her experience in working directly with many of the world’s leading companies to present a new conceptual and analytical framework for better understanding turnover and its impact on corporate performance. This webcast investigates how turnover impacts organizations operationally, introduces complementary metrics to expand our understanding of these operational effects, and describes how we partition and value the hard and soft costs associated with turnover.

Across the HR landscape, employee turnover is the metric commonly used to describe the stability and health of a workforce. Reducing turnover is the most consistently cited goal when implementing hiring management systems.

Turnover as a stand-alone metric conveys the rate at which a company “consumes,” or goes through, employees. The concept carries the proposition that decreasing turnover indicates that a company’s workforce is stable and productive, while increasing turnover signifies that the labor force is unsteady and something has gone awry. However, as with any single summary metric, turnover can be hard to interpret. Taken alone, the metric is often ineffective in providing insight into the complex dynamics of workforce performance.

Kelly Northrop, Kronos Analytic Consultant, draws from her experience in working directly with many of the world’s leading companies to present a new conceptual and analytical framework for better understanding turnover and its impact on corporate performance.

This webinar investigates how turnover impacts organizations operationally, introduces complementary metrics to expand our understanding of these operational effects, and describes how we partition and value the hard and soft costs associated with turnover.

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