In a financial year, 17%-20% of the key employees left the company leading to delay in project completion and huge loss to the company. The cost of hiring the employee does not get recovered impacting the bottom line of the organization. Tacit knowledge of the firm gets disseminated to the competition. Much more impactful when attrition is reported higher in the value chain.
We had performed a data quality assessment by collating data from varied sources like demographics, performance, compensation, risk rating, exit interviews, post exit surveys etc. Advanced quantitative approaches like Principal Component Analysis & Logistic regression was used to solve the problem.