In this YouTube short video, you will learn how to write a Python code for calculating Employee Retention Ratio (ERR). Employee Retention Ratio is a metric used by companies to measure the number of employees who have stayed with the organization over a specific period.
The video will begin with a brief introduction to the concept of Employee Retention Ratio and its importance for businesses. Then, the instructor will walk you through the step-by-step process of writing a Python code to calculate ERR.
You will learn how to import the necessary libraries, load employee data, and preprocess the data to prepare it for analysis. Next, you will be shown how to calculate the number of employees who stayed with the company and the total number of employees who were employed during the specified period.
Using these values, the instructor will demonstrate how to calculate the Employee Retention Ratio and output the results using Python code. Finally, the instructor will provide some tips on how to interpret the ERR results and how businesses can use this metric to improve their employee retention strategies.
By the end of this short video, you will have a clear understanding of how to calculate Employee Retention Ratio using Python, and how this metric can be used to improve employee retention in your businesses.
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