People analytics helps separate signal from noise on worker resignations

As the “Great Resignation” has been featured widely in media and felt across organizations, it may be helpful to turn to internal people analytics to understand the reality of the situation at each organization, according to a Feb. 24 McKinsey podcast.

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People analytics teams are dedicated to understanding the facts about employee numbers and understanding employees’ feelings toward the organization and engagement. Tapping into this resource can help ease fears of mass exodus of employees and help executives zero in on who really is leaving and why. 

“[People analytics teams] had a lot of panicked executives saying, ‘Oh my God, everyone’s leaving.’ When they actually look at their data, in most cases it’s not more than they would normally expect it to be. They’re seeing the numbers — maybe a little bit higher, in some cases, than in 2019 — but maybe what we would expect as almost a correction from 2020,” said David Green, managing partner at Insight222.

Some data also suggests that the Great Resignation has been driven in part by older people retiring early or women deciding to leave the workforce, so using this data helps organizations focus on the employees who are actually leaving. Solving problems that those groups specifically face may help employers hold on to valuable employees.

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