How Peakon Uses Tech to Boost Retention Rates

The video discusses Pecan, an employee experience platform that uses AI to gather continuous feedback and improve employee engagement. It highlights the shift from annual surveys to continuous monitoring, allowing companies to predict trends and provide timely manager training. The video also explores workforce technology trends and presents findings from a study on female-led companies, showing that these companies often have better perceived strategies and product belief.

What is the primary function of Pecan as described in the video?

• To provide financial advice to companies

• To manage company payroll systems

• To gather continuous employee feedback and enhance engagement

• To develop marketing strategies for businesses

Why is continuous feedback preferred over annual surveys according to the video?

• It is more cost-effective

• It provides real-time insights and predictions

• It requires less data storage

• It is less time-consuming

How does AI contribute to employee engagement as per the discussion?

• By increasing employee salaries

• By replacing human resources

• By predicting trends and generating manager training

• By automating all employee tasks

What trend is highlighted regarding technology's impact on the workforce?

• Technology is now enhancing employee experience similar to customer experience

• Technology has transformed customer experience but not employee experience

• Technology has no significant impact on employee engagement

• Technology has made annual surveys obsolete

What was a key finding from the study on female-led companies?

• Female-led companies focus less on product development

• Female-led companies have higher turnover rates

• Female-led companies have lower employee satisfaction

• Female-led companies show better strategic perception