Employee Turnover Prediction With Deep Learning - DZone AI

According to a study from Catalyst, the cost of replacing an employee is around 50% to 75% of the employee's annual salary, on average. Considering a mid-level position with a monthly salary of 20,000 pesos, the total cost of replacing this employee would be around 140,000 pesos. On average, it takes around 50 days to replace an employee, and the costs incurred due to productivity loss will keep adding up. For a big company like everis with over 20,000 employees, considering a turnover rate of 15% and an average salary of $15,000 pesos, the total annual cost of turnover would rise up to at least 270 million pesos. In this article, we provide details about a neural network model that is capable of identifying employee candidates with a high risk of turnover, accomplishing this task with around 96% accuracy.