Using Data Analytics to Create a Retention Focused Culture

May 11, 2023

Using data to inform decisions help managers to be confident that they are taking the right steps to help their team succeed, however, a 2022 survey revealed that 42% of companies are not using predictive analytics, and only 20% of organizations are using analytics extensively, according to an article from SHRM.

The article shares why analytics are critical to management decisions, “Effectively engaging in predictive analytics—using past and present data to foretell future events—can help organizations make hiring decisions, anticipate skills shortages, head off employee attrition and react to the next major disruptive event.”

HR must be future-facing and help the business to grow, “It’s not enough for HR to simply know their headcounts. Instead, HR leaders are often expected to anticipate future skills needs and identify attrition concerns and solutions. In a modern workforce, that means organizations should make hiring decisions based on the skills needed not just for today’s employee, but also for tomorrow’s new recruit.”

While data is necessary to make informed decisions, managers must consider the best way to gather and aggregate that data. With an app like Truvelop, managers can create a platform that encourages two-way communication that provides context around the data in the system. Accessible from anywhere, the app makes it easy for managers and employees to input data and notes in real time.

In a modern workforce, managers need to be able to engage with employees anytime, anywhere. We move at a faster pace than workforces of the past, therefore, managers must be able to provide employees with feedback and support frequently. With Truvelop, managers no longer have to dig through paper or digital files. The app collects the data for all employees and provides managers with a dashboard to understand the current status of their team, progress towards goals, challenges to overcome, and any gaps in skills.

Employees feel respected, trusted and valued because they are able to hear from managers even when not in the same room, receive in-the-moment feedback, and have the ability to request feedback or ask clarifying questions. This creates a culture that values employees as humans, not cogs in the wheel, thus reducing stress and anxiety and improving mental health.

Managers who care about their team’s mental health and well-being are more likely to retain employees than those who do not.

Contact us today to learn more about our modern approach to performance management and development that actually improves the manager and employee relationship. Don’t just take our word for it, see what our Customers have to say.