Aveva has seen its employee attrition rate fall by 5% a year, partly as a result of its investment in HR technology
The company, which has a turnover of £200m, has grown from 500 employees to about 1,700 in 55 countries over the past 10 years.
The company’s cloud-based HR system, known internally as People Zone, has played a role in helping Aveva hold on to its staff in a competitive labour market.
The firm has seen its employee attrition rate fall by about 5% a year, partly because of its investment in HR technology, said Clare Bye, executive vice-president for human resources.
“About 50% of our new joiners leave within the first two years, and that is something we have been able to look at and drill down into in a more detailed way since we have had the system to understand why this happens,” she told Computer Weekly.
Aveva decided to replace its existing HR technology, Snowdrop, two years ago after changing its internal lines of reporting.
“We needed a better system to cope with the number of employees, the diversity of their location, and better-quality information to share with regional operations managers,” said Bye.
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