What type of insights does Infor HR provide for retention strategies?

Infor HR focuses on providing insights that are critical for developing effective retention strategies. Turnover statistics reveal patterns in employee departures, such as the rates at which employees leave the organization and the departments or roles with the highest turnover. This information is invaluable for identifying at-risk groups and tailoring retention efforts accordingly.

Employee feedback enhances understanding of the factors contributing to employee satisfaction and engagement. By analyzing this feedback, organizations can pinpoint areas needing improvement, address employee concerns, and foster a more positive work environment. This dual approach—combining turnover statistics and employee feedback—allows HR professionals to create proactive and customized retention strategies that ultimately improve employee longevity and satisfaction within the organization.

The other provided options, while relevant to HR functions, do not specifically address retention strategies as directly as turnover statistics and employee feedback do. Market trends and salary benchmarks are more suited to compensation strategies, departmental budgets relate to financial planning rather than employee retention, and employee demographics alongside satisfaction ratings serve general understanding but lack the targeted insights necessary for immediate retention interventions.