HCM specialist Paycor of Cincinnati recently initiated its Turnover Dashboard, an upgraded way for managers and HR personnel to improve employee retention experiences, as part of its existing Workforce Insights analytics suite.
Noting that its own research reveals 45 percent of surveyed HR and C-suite executives expressing turnover as top issue, Paycor developed the new console to allow managers to spend fewer hours researching and devote their time to problem-solving.
Features of the new tool include customizability and data tracking by category. Users can modify their view of information to best answer questions about their particular respective companies’ hiring and turnover patterns.
"As the '2017 Paycor HR Trendcast' survey reveals, it's clear today's HR leaders are concerned about not only finding, but keeping top talent," Paycor President Stacey Browning said. "That's why we developed a data visualization solution that can help leaders track and successfully manage key business issues including turnover data. Having a deeper understanding of 'people data' is critical to a holistic approach to the employee lifecycle and to keeping employees engaged, productive and happy."
Workforce Insights was released earlier in 2017; Paycor’s Turnover Dashboard was designed as an adjunct to be released in the company’s fourth-quarter product update.