Predicting Employee Turnover: A Systematic Machine Learning Approach for Resource Conservation and Workforce Stability

Abstract

A company’s most valuable resource is its workforce, which includes each worker. Because of the crucial role that employees play in the success of an organization, measuring employee turnover rate has become one of the most important metrics that businesses are concentrating on in the modern era. Attrition may occasionally arise owing to unavoidable circumstances such as moving to a distant place, retirement, etc. But when attrition begins creating holes in the pockets of an organization, it is necessary to monitor the situation closely. When hiring new staff, a company must use a significant quantity of its available resources. The process of rehiring employees needs to be eliminated, and a strong workforce needs to be maintained, so it is necessary to adapt the analysis of systematic machine learning models. From these models, a suitable model that gauges the risk of attrition may then be selected. This not only helps an organization save money by preserving its resources but also assists in preserving the status quo of its staff.

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