goHappy, the leader in frontline employee engagement, announced the enhancement of its Frontline Analytics functionality with Turnover Benchmarking and Analytics, an innovative workforce analytics solution designed to help organizations track, analyze, benchmark and proactively address employee turnover in real-time. By seamlessly integrating with existing HRIS and payroll systems, Turnover Benchmarking and Analytics delivers effortless rolling calculations with timely, meaningful insights that empower businesses to improve employee retention.
“Employee retention is one of the biggest challenges frontline employers face today,” said Shawn Boyer, Founder & CEO at goHappy. “With Turnover Benchmarking and Analytics, we’re giving organizations the power to track and understand their workforce trends, how they’re faring relative to their competition, and providing the predictive insights needed to take action all in real-time.”
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Turnover Benchmarking and Analytics leverages real-time data from employers’ payroll systems to automatically calculate rolling turnover rates. The tool provides historic calculations for up to two years, enabling employers to analyze workforce stability over time while also delivering:
- Real-Time Updates for Proactive Action: Turnover calculations are updated in real-time, ensuring HR teams and leaders have access to current data to inform retention strategies.
- Industry Benchmarking: Benchmarking by industry at the organization, job title and zip code level.
- Meaningful Trends: Turnover trending, including rolling 12-month, yearly, quarterly, and monthly data, providing actionable insights for better decision-making.
- Granular Breakdown: Detailed breakdowns by account, location, and job title, allowing for precise workforce analysis with industry-specific benchmarks.
- Customer-First Simplicity: Minimal setup and integrates with any HRIS and payroll system.
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Upcoming predictive analytics enhancements will correlate turnover data with new hire, exit, and engagement surveys to detect early warning signs of turnover, and trigger real-time notifications to alert HR teams of emerging risks.
Turnover Benchmarking and Analytics is available now as part of goHappy’s suite of workforce engagement solutions.
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Source: PR Newswire
