Together with EY, HRForecast scrutinized the attrition
behavior within the company on all hierarchy levels.
The target: detect the driving forces and reasons leading
to unwanted employee turnover.

Ernst & Young: Data analytics secures continuous performance

With more than 200.000 employees worldwide, EY (Ernst & Young) is considered one of the market leaders in the service fields of assurance, tax consultancy and business advisory. HRForecast supported Ernst & Young in the development of HR instruments for the recruiting and development of highly qualified employees. In the light of the financial crisis around the year 2008, most professional service firms postponed or abandoned the hiring of new employees. As a result, qualified university graduates were forced to pursue their careers in other branches – paired with high growth rates in recent years, this has led to a bottleneck in the talent supply in the consultancy business.

Related Services

More Services


Downloads



Social Media

Follow us:


Contact

Christian | Project Lead Diversity

Christian Vetter
Managing Director HRForecast

+49 89 44 42 94 90
christian.vetter@hrforecast.de


The challenges: optimized recruiting of Senior Managers

The classical career path of a consultant usually starts upon graduation from university and, after a couple of years, leads from a “Junior” position to the level of a “Senior Consultant”. With increasing work experience, the attrition risk of an employee also increases – mostly due to a job transition to employers in other branches. Considering the cautious historical hiring schemes during and after the financial crisis, competency gaps in the “middle management” are now developing and the labor market is not able to supply suitable profiles.

To close these competency gaps and to prevent them in the future, EY has decided to utilize modern instruments for data analysis. At the same time, the strategic workforce planning process needs to be adopted to changing conditions, especially with arising diversity discussions.

HRForecast – solution approach

Together with EY, HRForecast scrutinized the attrition behavior within the company on all hierarchy levels. The target: detect the driving forces and reasons leading to unwanted employee turnover. Criteria, such as individual workload, gender, level of education, development time per career level and performance evaluations were analyzed with advanced statistical methods, whereby diversity-related facts were also taken into consideration. Furthermore, suitable profiles on the external labor market that could possibly fill the gap in the “Senior Manager” rank were considered.

The results

HRForecast applied various instruments specifically designed for HR analytics, so that the recruiting process of Ernst & Young continuously satisfied the requirements of today and tomorrow. The results in a nutshell:

  • Graduates from Universities of Applied Sciences initially stand out in terms of performance and loyalty in the early stages of their career – compared to graduates from University.
  • Females leave or withdraw from leadership position more frequently than males
  • The high attrition of Senior Consultants cannot be sufficiently compensated by accelerated career paths at the Junior Consultant level.
  • A high number of soon-to-be graduates with relevant specializations will become available soon, however, a considerable decrease is already foreseeable in the near future

You want to experience how Big Data Analytics and innovative tools create a sustainable and competitive advantage out of your data? Schedule a demo here.