Improve Performance With Employee Retention Analysis
December 15, 2022
A comprehensive analysis of what contributes to an employee’s decision to stay or leave an agency is important for leadership as they build a targeted retention strategy. Reviewing retention rates alone misses a prime opportunity to explore what is actually driving these rates and what actions leaders should take. We’ve formulated a step-by-step process for producing practical retention analysis reports that can improve overall workforce performance.
Understanding Employee Retention Analysis
Research shows that retention is dynamic and influenced by a number of important factors, including job satisfaction, organizational commitment, and the employee value proposition. Other factors can impact retention rates too:
- Employee’s experience within the organization
- Opportunities for advancement.
Because these factors can vary across employee groups in a single organization, there’s no one-size-fits-all approach to a good retention strategy. It is important to understand the impact of these factors across different offices and/or demographic groups in order to gain accurate insight for workforce planning.
With comprehensive analysis, leaders have an opportunity to dive deeper into what is impacting their organization’s workforce strategy. Armed with this insight, organizations can take decisive action to increase retention, decrease turnover, improve employee engagement, and promote diversity, equity, inclusion, and accessibility (DEIA).
GovStrive can help you evaluate your retention strategy and identify key factors that may incentivize employees to stay and grow their careers in your organization.
Step-By-Step Guide for Retention Analysis Reports
GovStrive supports federal agencies with a roadmap for assessing and promoting retention strategies that are uniquely suited to each organization.
Utilize GovStrive’s research-driven approach; gather data.
Develop employee profiles that reveal insights based on length of service.
Identify patterns across groups like demographics or work experience.
Incorporate qualitative data sources.
Produce report on retention analysis findings and provide recommendations.
Benefits of GovStrive’s Data-Driven Approach to Retention Analysis
GovStrive’s proven methodology will help you identify the key drivers of employee retention – specific to offices and groups across your agency. With this focused insight, you can implement customized retention plans that are uniquely suited for your employees.
As a result, your organization will:
Shift to a proactive, future-focused retention model that leverages your understanding of current and past performance
Ensure retention strategies are customized to your organization – understanding the unique retention drives of your workforce
Create a retention model that serves the entire employee experience and is repeatable as part of your living human capital management lifecycle.
Learn More About the Power of GovStrive
Employee retention analysis is just one of the many capabilities we offer. We feature a full suite of tools, programs, and services that empower and enable federal agencies to enhance their workforce, adapt to changes, and meet organizational goals.
In addition to retention analysis, we offer cloud-based, federal HR insight tools:
FedLens (automated, aggregated HR reporting),
FedView (an HR analysis tool),
FedChart (for organizational charts), and
FedRoam (a smartphone app).