Predict using Data Science- How long will an Employee stay at a Company?
Matt Eblen, a Senior Mathematical Statistician for CDC makes insightful decisions collaborating with experts in HR, information technology, safety, and budgeting on programs that affect each of its 25,000 employees. Recently, he answered a commonly asked question - How long will an employee stay at a company?
Survival Analysis, an old statistical methodology was applied to the workforce by factoring in various variables such as age, education level. The model answered how many new ones should be hired and the jobs needed to be reformulated.
Eblen says “Data scientists can work in more fields than you might expect. It’s not just working for Netflix or Facebook — it’s working for all kinds of businesses and industries that need to be able to understand their data and use it to make intelligent decisions.”
Reference: Forecasting changes to the workforce through data science
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