goHappy, the leader in frontline employee engagement, has announced the launch of its enhanced Frontline Analytics functionality—Turnover Benchmarking and Analytics. This new solution is designed to assist organizations in tracking, analyzing, benchmarking, and proactively addressing employee turnover in real-time. Integrated seamlessly with existing HRIS and payroll systems, it empowers businesses to take timely, data-driven action to improve employee retention.
Features of Turnover Benchmarking and Analytics
- Real-Time Turnover Calculations: The tool leverages real-time data from payroll systems to automatically calculate rolling turnover rates, providing updated figures that keep HR teams informed and agile.
- Historic Data Access: It offers turnover data for up to two years, allowing businesses to analyze workforce stability over an extended period.
- Industry Benchmarking: Employers can benchmark turnover rates by industry, job title, and zip code, comparing their performance with industry standards.
- Meaningful Insights: It provides detailed turnover trending data 12-month, yearly, quarterly, and monthly to offer actionable insights for improved retention strategies.
- Granular Breakdown: The tool breaks down turnover data by account, location, and job title, helping businesses perform precise workforce analysis.
Customer-First Simplicity and Integration
- Easy Setup: Turnover Benchmarking and Analytics is designed with simplicity in mind. It integrates easily with any HRIS and payroll system, ensuring minimal setup for organizations.
- Real-Time Notifications: Future enhancements will include predictive analytics that correlate turnover data with new hire, exit, and engagement surveys, alerting HR teams of emerging risks in real-time.
CEO Shawn Boyer’s Insights
“Employee retention is one of the biggest challenges frontline employers face today,” said Shawn Boyer, Founder & CEO at goHappy. “With Turnover Benchmarking and Analytics, we’re giving organizations the power to track and understand their workforce trends, how they’re faring relative to their competition, and providing the predictive insights needed to take action—all in real-time.”
goHappy’s Turnover Benchmarking and Analytics tool is a powerful addition to its Frontline Analytics suite. By offering real-time insights and industry benchmarking, it enables organizations to make proactive, data-driven decisions to improve employee retention and address turnover challenges before they escalate.
