Who will fare well & why?

Reading Time: 2 mins
Courtesy: dilbert.com

With nearly 75 years of history, a major national bank was strongly defined by its conventional practices. Over the past decade, they have been re-inventing themselves to be an organization with a modern outlook. This change in culture has caused huge variation in employee performance. The management was keen to understand variance in the performance across various dimensions like employee location, ESOPs etc.

Over a period of 6 months, Gramener studied factors from different channels trying to map employee performance to their location of work, business segment, education background, age, promotion history etc. The team analyzed the varying performance across each of the factors to understand how they played a role in employee performance.

Insights:

Factors impacting attrition across business units
  • Giving stock options drives performance significantly – particularly in Retail Sales
  • Stock options have little or no impact on Retail Banking Performance is rather defined by the grade the employee is in.
  • The performance levels across grades is extremely different. This indicates a clear expectation mismatch between grades and people that are promoted into these grades.
  • Level of education, however, is universally un-correlated with performance across business units.

These insights challenged the traditional thoughts about the reasons for employee attrition in the organization.

Gramener - A Straive Company

Gramener – A Straive company is a design-led data science firm. We build custom Data & Al solutions that help solve complex business problems with actionable insights and compelling data stories.

Leave a Comment
Share
Published by
Gramener - A Straive Company

Recent Posts

How to Future-Proof Warehouse Operations with Smart Inventory Management?

Effective inventory management is more crucial than ever in today's fast-paced business environment. It directly… Read More

2 weeks ago

Gramener Bags a Spot in AIM’s Top Data Science Service Providers 2024 Penetration-Maturity (PeMa) Quadrant

Gramener - A Straive Company has secured a spot in Analytics India Magazine’s (AIM) Challengers… Read More

3 months ago

Gramener Wins Nasscom AI Gamechangers 2024 Award for Responsible AI

Recently, we won the Nasscom AI Gamechangers Award for Responsible AI, especially for our Fish… Read More

3 months ago

Master Supply Chain Resilience: 5 Powerful Lessons from Our Location Intelligence Webinar

Supply chain disruptions can arise from various sources, such as extreme weather events, geopolitical tensions,… Read More

3 months ago

Gramener’s Doc Genie Wins 2024 AI Breakthrough Award for Best Intelligent Word Recognition Solution

In a remarkable achievement for the Artificial Intelligence (AI) sector, Gramener's flagship GenAI-powered Intelligent Document… Read More

4 months ago

Top 10 Industry 4.0 Companies to Watch in 2024

Did you know that the global Industry 4.0 market size is projected to reach USD… Read More

4 months ago

This website uses cookies.