Cimdata Logo

Industry Summary Articles

Tuesday, May 07, 2024

New AI-Powered Innovations Empower Leaders to Lower Costly Employee Attrition and Lift Productivity With Strategic, Informed Action

Qualtrics, the leader and creator of the experience management category, unveiled new product innovations in its XM for Employee Experience™ suite that use cutting-edge technology and machine learning to identify employees at risk for attrition, summarize employee feedback into personalized recommended actions for managers, and recognize meaningful behavioral signals across the employee journey impacting engagement and productivity.

Powered by Qualtrics® AI, these new solutions pair the power of generative AI with the world’s largest database of human sentiment to help managers and people leaders elevate workforce engagement, increase retention and champion productivity. Organizations can improve their understanding of every employee, no matter where or when they work, and spend less time analyzing data and more time taking strategic action. Qualtrics XM for Employee Experience offers people intelligence for new levels of insight, and leveraging predictive analytics to solve critical business problems.

“Thousands of organizations across the globe are improving their employee experience using Qualtrics, and the new AI capabilities announced today will enable companies to unlock even more value,” said Brad Anderson, President of Product, UX and Engineering at Qualtrics. “With Qualtrics AI it’s easier and faster than ever for leaders and managers to identify and deliver the employee experience their teams need to do their best work, which will help lead to high-performing, highly engaged, productive, and loyal teams.”

With XM for Employee Experience, leaders can improve employee productivity and decrease costly turnover. New capabilities include:

  • Identifying attrition drivers in the workforce. Qualtrics’ new drivers of attrition solution combines organizational attrition data with employee experience feedback to understand what is causing employees to leave their jobs. For example, it can pinpoint friction in the onboarding process that is causing new hires to leave quickly. Ready-to-use dashboards allow leaders to quickly recognize and address poor experiences with employees before they decide to quit. With these insights, leaders can proactively build retention strategies, prevent future turnover, and ultimately drive business results.
    ● Anonymizing and summarizing employee commentsfrom open-text survey responses to gain insights that cannot be gleaned through multiple choice questions. Now with Qualtrics AI, managers can recognize the most important issues for their team and save time from synthesizing individual comments manually, all while protecting employee privacy and reducing the risk of bias from identifying commenters. This also benefits managers of small teams, who previously never saw this valuable feedback to maintain employee confidentiality.
    ● Getting deeper, actionable insights from EX results with Qualtrics Assist™ . Managers and leaders can leverage Qualtrics Assist for deeper insights and trends from team feedback. People leaders can ask simple, natural-language questions about their results. Qualtrics helps them better understand team sentiment and prioritize actions to increase engagement and productivity.
    ● Recommending personalized actions in response to employee feedback to enhance employee engagement, retention and productivity. Just 43% of individual contributors say they have seen positive changes in response to employee feedback, according to Qualtrics research, highlighting the need for specific and targeted action. These recommendations will be further improved by Qualtrics AI enriched with EX methodology, which will provide tailored guidance that evolves with team dynamics and context directly in the workflow to help managers and leaders take decisive and informed action.

To view the original press release, please click here.

Search for Qualtrics on CIMdata.com

r
ipad background image

Featured Cimdata Reports

ipadcontent
PLM-Enabled Digital Transformation Benefits Appraisal Guide

The Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

ipadcontent
Aerospace & Defense PLM Action Group

A CIMdata administered PLM advocacy group for the A&D industry

ipadcontent
PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

ipadcontent
PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

ipadcontent
Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

ipadcontent
CAM Market Analysis Report

CIMdata's definitive guide to the worldwide CAM software and services market. This comprehensive report provides critical intelligence on market size, user expenditures, trends, and segmentation, alongside authoritative rankings of the top CAM solution providers and reseller revenues.