A Predictive Workforce-Analytics Model for Voluntary Employee Turnover in the Banking/ Financial-Service Industry (Published)
This paper proposes a model for identifying key variables to identify in advance which employees may leave a company in the near future. This identification may allow potential action to take place to retain the employee, or, to potentially get advance notice of the need for a replacement. We list the key variables (both dependent and independent) in our model and detail the metric we hope to use to measure each variable. The specific statistical techniques we use to analyze the model may depend on the exact form of the data provided. We are in the process of seeking real-world data to illustrate the model’s use.
Keywords: Banking and financial services, Employee status, Employee turnover, Workforce model