Market Opportunity
Companies lose 30–50% of employees within 2 years. Replacing an employee costs 50–200% of their salary. People analytics — using data to predict turnover, measure engagement, and optimize hiring — is the fastest-growing HR function. Most mid-size companies have HR data but zero analytics capability.
The Idea
Offer people analytics consulting to mid-size companies. Analyze HR data: turnover rates, engagement survey results, performance review patterns, compensation benchmarks, and hiring funnel metrics. Use AI to identify: flight risk employees, departments with burnout risk, biased hiring patterns, and compensation inequities. Deliver quarterly 'People Analytics Reports.'
Key to Success
- Learn HR analytics fundamentals: attrition rate calculation, eNPS (employee NPS), time-to-fill, quality-of-hire metrics
- Ensure data privacy compliance — HR data is sensitive; anonymize individual-level data in reports
- Start with turnover analysis — it's the most painful (and therefore highest-budget) HR problem
AI Tools to Leverage: ChatGPT, Google Sheets, Python, Tableau, HRIS APIs