Dear Mallet,
First of all, thank you for your post.
1) How did you arrive at the scores you have mentioned against the factors or the critical incidents? How will you define the score?
2) Where is the weightage against the factors or the critical incidents? How many times have employees left because of that factor or critical incident in order to prioritize the factor?
3) Absenteeism, attitude, initiative, proactiveness, coming late, or leaving early are very important.
4) You mentioned the next level, but where have you defined the next level competency? Do the employees know about it?
5) Relationship with superiors, job profile mismatch, paying on time, incentives are equally important.
6) There are other equally important factors related to ground reality that may also be considered, and an RYG analysis done with weightage to help prioritize the factors.
Good, please keep it up, and I hope to see similar creative presentations from you.
Tapas