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Project Objectives

The project aims to develop a predictive model for estimating employee turnover probabilities and identifying key drivers of attrition. It focuses on optimizing retention strategies, enhancing decision-making, and improving employee well-being while ensuring ethical considerations are met. The goal is to create a generalizable framework that can be adapted across various organizations and validate its effectiveness through advanced analytics.

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Project Objectives

The project aims to develop a predictive model for estimating employee turnover probabilities and identifying key drivers of attrition. It focuses on optimizing retention strategies, enhancing decision-making, and improving employee well-being while ensuring ethical considerations are met. The goal is to create a generalizable framework that can be adapted across various organizations and validate its effectiveness through advanced analytics.

Uploaded by

shobhitcr708
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Project Objectives

1. Predict Employee Turnover Probabilities


Develop a predictive model to estimate the likelihood of individual employees leaving
the organization based on various demographic, professional, psychological, and
performance-related factors.
2. Identify Key Drivers of Attrition
Use statistical and machine learning techniques to identify and rank the most
influential factors contributing to employee turnover, such as stress levels,
compensation, and job satisfaction.
3. Optimize Retention Strategies
Provide actionable insights to the organization by pinpointing high-risk employees
and offering tailored recommendations to improve retention.
4. Enhance Organizational Decision-Making
Equip HR managers and decision-makers with data-driven tools to make proactive
interventions, reduce attrition rates, and maintain an optimal workforce size.
5. Create a Sustainable Workforce
Align retention strategies with long-term organizational goals by balancing workforce
needs, employee well-being, and business performance.
6. Improve Employee Well-Being
Address key factors affecting employee satisfaction and engagement, such as
workload, leadership style, and organizational support, to foster a positive workplace
culture.
7. Develop a Generalizable Framework
Build a flexible predictive model that can be adapted across different organizations,
industries, and geographic regions.
8. Incorporate Ethical Considerations
Ensure that the predictive model respects employee privacy and is used ethically,
avoiding biases in data collection and decision-making.
9. Demonstrate the Use of Advanced Analytics
Showcase the application of advanced machine learning techniques and
computational approaches to solve real-world organizational challenges.
10. Evaluate and Validate the Model
Use robust validation techniques to assess the accuracy, reliability, and
generalizability of the model, ensuring it delivers actionable and trustworthy results.

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