Which of the Following Statements Related to Predictive Analytics for Retention

question 31

Multiple Choice

Which of the following statements related to predictive analytics for retention is true?

• A) Breakouts of turnover rates across the organization are available through routine HRIS reports
• B) Best practices suggest that external consultants have little expertise when it comes to analyzing retention rates
• C) There is little reason to believe predictive analytic results will be different from self-reported retrospective reports regarding causes of turnover
• D) All of the above

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Definitions:

Assets

Economic resources owned or controlled by a business, expected to produce future benefits, including cash, inventory, equipment, and real estate.

Investment Center Residual Income

The net operating income earned by an investment center minus a charge for the capital used to generate those profits, measuring performance beyond generating profits.

Performance Evaluation

The process of assessing an employee's job performance, often to inform decisions regarding promotions, pay adjustments, and development needs.

Departmental Contribution

The amount of profit or revenue generated by a specific department, minus the direct expenses associated with that department.