Employee churn is a problem that many firms face. In the US, firms face an average churn of about 10%-15%, and this churn can prove costly. It is estimated that an unwanted departure of an employee can cost the firm anywhere from 30% (of his/her annual salary) for more junior employees to 400% for much more senior employees. The difficulty of finding a replacement and bringing that replacement to the same level of productivity, the lost knowledge and know-how, and the period where resources have to carry the extra load of a missing colleague can be serious problems, especially for firms that face a higher rate of attrition. As such, many firms are trying to solve this issue, and have put in place more measures to boost employee retention such as training programmes, career progression and the promise of better work life balance.

By Data Science AA Group 8 (Aisling, Antoine, Jessie, Joe, Magno, and Martin)