Employee Life Time Value and Cost Modeling – Part 3 - Machine Learning Times - machine learning & data science news
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3 years ago
Employee Life Time Value and Cost Modeling – Part 3

 Employee Tenure in a “Survival Analytics” Framework With a cumulative cost curve in hand, we now turn to evaluate attrition. We hope to illustrate a far more intuitive and useful visualization than the popular business metric, annual attrition. Annual attrition is but a single point on this easy-to-understand business tool. Survival Analytics Employee attrition falls into the same class of “survival” problem as machine failure rates or medical research. This domain has brought us solid statistical innovations, including a visualization known as the “survival curve.” The risk of a particular employee terminating from a job is much the same a

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