It is time that HR analytics starts to show the value it delivers to the business.
This is hard to do as people analytics is still an emerging field.
A local transport business wanted to reduce the cost of road traffic accidents (RTA) of their drivers.
This not posed a danger to the people involved but these accidents also delayed the transport and were very costly because of material damages.
These insights, combined with good management practices, reportedly resulted in a drop in attrition of 2-3% over the past 18 months with an estimated saving of $8,000,000 to $10,000,000.
A similar analysis was done at IBM, where turnover was high for certain business-critical roles.
As I already said, I have only included case studies that showed tangible organizational benefits.
On March 13 2015, the Wall Street Journal published an article titled: “The Algorithm That Tells the Boss Who Might Quit”.
For each case study, I will refer to their original publication.
Quite a few case studies have come from the excellent .