Retain talent - Machine Learning as a tool to improve retention (Horizon 2) Processor #1
AMPC invested with Toustone to understand if it is possible using machine learning to predict if someone is going to leave an organisation in the next 12 months.
Staff retention is an ongoing issue for many meat processors. Toustone developed a machine learning tool, RetainTalent, that utilises company Human Resource data to identify staff at risk of leaving the organisation. RetainTalent is a product that uses machine learning and data science to provide early predictive insights into staff turnover. It extracts HR history data to identify leasing indicators contributing to staff attrition, allowing businesses to employ targeted retention strategies.
Preliminary results have been very favourable, the next phase is to take the model and test, validate and scale ready for industry adoption.