Analysis and Prediction of Employee Turnover in Retail Company

Researchers in different spheres from psychology to economics have analysed people’s behaviour, especially at work. Companies from all over the world also monitor how people feel themselves at their jobs and why they can resign. Our study focuses on voluntary employee turnover in one large retail company and throughout it analyses current situation there. The main method used is survival analysis, in which we used Kaplan-Meier curves and Cox model. Moreover, we have built decision trees to see how factors influencing turnover are connected with each other. The conclusions are that reasons for leaving are not only material and obvious ones (wage, for example), but also some that we did not expect and thought it has low impact. After the research we suggested some retention methods, which company could implement to decline high turnover rate.