Big Data Knows When You Are About to Quit Your Job

HughPickens.com writes: Quentin Hardy reports at the NYT that a leading maker of cloud-based software for running corporate human resources and financial operations has announced new products that provide the kind of data analysis that Netflix uses to recommend movies, LinkedIn has to suggest people you might know, or Facebook needs to put a likely ad in front of you. One version of the software, called Insight Applications, predicts which high-performing employees are likely to leave a company in the next year; it then offers possible actions (more money, new job) that might make them stay. In another instance, expense reporting software can predict which employee populations are most likely to exceed their budgets. “We’ve applied machine learning to affect consumer tastes,” says Mohammad Sabah, director of data science at Workday. “putting it to career choices, to pay and employment, have a huge upside if we do it right.” Already, Sabah says, “we’re surprised how accurately we can predict someone will leave a job.” The goal is to predict future business outcomes to take advantage of opportunities and cut risk levels. One future product may be the ability to predict who will and won’t make their sales quotas, and suggest who should be hired to improve the outcome. “Making an employee happy, improving the efficiency of a company these are hard problems that affect corporations.