Employee value-retention risk calculator

During an analysis technique, organization data for an organization (such as a company) and/or external data are used to calculate a performance metric and to determine retention risk for an employee. For example, the performance metric may be calculated based on revenue or productivity, and the ret...

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Bibliographic Details
Main Authors KIM, ANDREW, QAMAR, ASIF, HOUSMAN, MICHAEL G
Format Patent
LanguageEnglish
French
German
Published 01.07.2015
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:During an analysis technique, organization data for an organization (such as a company) and/or external data are used to calculate a performance metric and to determine retention risk for an employee. For example, the performance metric may be calculated based on revenue or productivity, and the retention risk may be determined based on an unemployment rate in a region that includes the organization or hiring trends in the region. The calculated performance metric and the determined retention risk are provided to the organization. In addition, a retention suggestion and an associated cost-benefit analysis are provided for the employee. This information may allow the organization to manage its employees, and to effectively apply limited resources to reduce retention expense and while increasing the likelihood of retaining employees.
Bibliography:Application Number: EP20150150075