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4. Reducing Turnover: The Financial Benefits of Psychometric Testing. 5. Customizing Employee Development Programs Using Assessment Data.Determined to break the cycle, they turned to psychometric assessments to unlock insights into employee engagement and retention.
Employee engagement reduces turnover because engaged employees are less likely to leave their jobs.Both employee turnover and attrition refer to employees leaving a company. An organizations churn rate includes both the attrition rate and turnover rate.
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But organizations can dramatically reduce these costs by predicting employee attrition before it happens. Companies that utilize advanced analytics to identify attrition risk have reduced turnover by up to 20%.
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