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Workforce retention is crucial for any organization's success.
Employee turnover is costly, requiring significant resources to replace and train new employees, impacting teams, customers, and organizational culture.
Prompta Retention
Human capital is the most important and valuable asset in organizations, and regardless of the sector, it is always challenging for companies to address talent requirement needs, especially in highly specialized positions. Despite current recession concerns and recent rounds of layoffs in specific sectors, such as technology, organizations face the challenge to either recruit new hires or, even more challenging, replace valuable and high-performing employees. According to reports by the Society for Human Resource Management, the average cost to replace an employee is around six to nine months of that employee’s salary.
Research suggests that only around 10% of an organization’s workforce provides value-added to an organization’s bottom line, which implies that the costs of replacing high-performing employees are even larger as they take knowledge and valuable experience with them, along with other intangible (institutional knowledge, morale, and corporate culture) and sunk costs associated with the replacement of employee talent.
Prompta Retention leverages predictive modeling and provides a revolutionary approach to support talent retention and predict employee attrition risks within the workplace. Our software provides insightful information about what matters most to an organization’s workforce to avoid unnecessary attrition, and key characteristics and segmentation.
Prompta Retention reveals critical cultural aspects that enable and enhance employee engagement and satisfaction, improve teamwork, leading to higher levels of productivity, better performance, and a more positive work environment.
Prompta Retention provides information to build sound culture strategies to retain high-performing employees and build healthier work cultures.
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