Question
Suppose you work as a Business Analyst for a large HR consulting company. Your firm has been engaged by a large bank to help diagnose
Suppose you work as a Business Analyst for a large HR consulting company. Your firm has been engaged by a large bank to help diagnose the state of their talent management practices. As part of this project, you have been assigned a work-stream focused on talent retention. So your key task on this project will be to conduct a series of analyses of company data as well as conduct other relevant data gathering and analyses to help the company do better at retaining the right talent. a) In one of your first meetings with your clients, one of the clients HR managers says that he is concerned about employee turnover at the bank. You probe to try to better understand what he means and he explains that, although he only joined the bank a few months ago, he reviewed the turnover figures for last year and that turnover seemed simply to be too high. Is the manager right to be concerned? How could you determine if his concern is justified? What analyses or other data-gathering activities could assist you in this effort? (10 points, suggested length: half a page or less) b) Based on the unfolding model of turnover, what are some important things to keep in mind in helping the bank devise a strategy to reduce turnover? (15 points, suggested length: one page or less)
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