Summary (TL;DR): Workday offers powerful tools to optimize employee engagement and retention. This blog explores how Workday Peakon Employee Voice uses real-time insights and predictive analytics to help businesses reduce employee attrition and improve overall workforce satisfaction.

Employee turnover isn't just a people problem; it’s a business risk. Traditional tools like annual surveys or exit interviews tell you why employees left - but not who’s at risk now.

Attrition can cost twice an employee’s salary, and managers often miss early signs of burnout, disengagement, or misalignment, especially among frontline or deskless workers. This leaves organizations vulnerable to the high costs of turnover and the strain it places on operations and morale.

Enter Workday Peakon Employee Voice

The Workday Peakon Employee Voice solution gives businesses a clear view of employee sentiment, engagement, and potential attrition risks through real-time insights. By using predictive analytics, Workday Peakon helps organizations spot issues early, allowing them to address concerns before they turn into resignations.

Here’s how Workday Peakon empowers organizations to reduce employee attrition:

• Collect continuous feedback via mobile, SMS, email, or kiosk.
• Analyze sentiment and predict attrition risk (0–100%).
• Real-time notification for managers of issues via dashboards.
• Recommend actions like workload balancing or career planning.
• Track intervention success with real-time follow-up surveys.

What You Need to Get Started

To successfully adopt Workday Peakon for predictive attrition analysis, customers should have:

1. Workday HCM Core with employee demographics and org data.
2. A clear survey policy to enable pulse feedback (email/SMS/kiosk).
3. A willingness to act on insights - tools work best when managers respond.
4. Support from change management or HR leaders.

Scenario: With vs. Without Predictive Attrition

Figure: Forrester reports a 224% ROI and $7.5M saved in attrition costs over 3 years.

How Jade Global Can Help

At Jade Global, we specialize in helping businesses get the most out of Workday. With over 20 years of experience, we provide tailored Workday consulting services to improve employee engagement and tackle issues like attrition. As a trusted Workday partner, we focus on practical solutions that fit your unique needs.

Our team of experts will work closely with you through every stage—whether it’s streamlining system integration, offering insightful data analysis, or helping you implement Workday Peakon Employee Voice. Whether you need help with predictive analytics or enhancing employee engagement, we’re here to guide you.

Conclusion:

Employee turnover is a common challenge for businesses, affecting both productivity and costs. By utilizing tools like Workday Peakon Employee Voice and leveraging AI-powered insights, companies can adopt a more strategic and proactive approach to reduce attrition and increase employee satisfaction, resulting in better overall performance. With the right data and timely action, you can address potential issues before they escalate into larger problems.

If you are looking to improve engagement and reduce turnover, Jade Global can help. Our Workday consulting services and AI solutions are designed to support your business goals. Get in touch with Jade Global today to schedule a consultation and learn more about how we can help you build a more engaged and productive workforce.

FAQs:

1. What is Workday Peakon?
Workday Peakon is a tool designed to help businesses understand employee sentiment and engagement. It provides real-time insights into potential risks of attrition, enabling organizations to take action before problems arise.

2. What is Workday Peakon Employee Voice?
Workday Peakon Employee Voice gathers ongoing feedback from employees, giving businesses a clear view of their engagement levels. It helps identify risks like attrition early on, allowing companies to address concerns quickly.

3. What is employee attrition?
Employee attrition refers to the natural turnover of employees within a company, including resignations and retirements. High attrition can affect productivity and increase costs related to hiring and training new staff.

4. How to calculate employee attrition rate?
To calculate the employee attrition rate, divide the number of employees who left during a specific time period by the total number of employees at the start of that period, and then multiply by 100 for a percentage.

5. What analytics can predict employee attrition?
Predictive analytics for employee attrition looks at historical data to identify patterns that could indicate potential turnover. This helps businesses address issues early, improving employee retention and engagement.