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实例探究 > Cost of Turnover Analysis: How to Save Millions

Cost of Turnover Analysis: How to Save Millions

技术
  • 分析与建模 - 大数据分析
  • 功能应用 - 企业资源规划系统 (ERP)
适用行业
  • 医疗保健和医院
适用功能
  • 商业运营
  • 人力资源
服务
  • 数据科学服务
  • 系统集成
挑战
The healthcare organization faced a significant challenge in managing employee turnover, which was impacting their operational efficiency and financial performance. The HR team needed to shift from reactive manual reporting to a more strategic, analysis-driven approach. They aimed to provide leadership with insights into future trends rather than just analyzing past data. The primary objective was to understand the cost of turnover and quantify the savings associated with reducing it. This required a comprehensive analysis that could present retention initiatives in financial terms meaningful to the leadership team.
关于客户
The customer is a large healthcare organization in the USA, serving over 40 communities. With a workforce exceeding 7,500 people, including 1,000 physicians, the organization needed to adopt a more strategic approach to human resources management. The HR team sought to transition from reactive manual reporting to a culture of analysis and trend-based insights. This shift was driven by the need to provide leadership with a strategic view into the future, enabling better decision-making and improved business outcomes. The organization turned to Visier to achieve these goals and enhance their HR capabilities.
解决方案
The healthcare organization implemented Visier to conduct a comprehensive Cost of Turnover Analysis. This analysis aimed to understand the financial impact of employee turnover and quantify the potential savings from reducing it. The model included three types of costs: Transactional Direct Costs, Dedicated Direct Costs, and Indirect Costs. Each cost type was meticulously tracked and modeled to provide a clear picture of the turnover's financial implications. The HR team used this analysis to present a compelling business case to leadership, highlighting the financial benefits of investing in retention programs. Visier's platform enabled the organization to move from reactive reporting to proactive, strategic insights, ultimately driving better business performance.
运营影响
  • The HR team was able to present retention initiatives in financial terms that resonated with leadership.
  • The analysis provided a clear understanding of the different types of turnover costs, including Transactional Direct Costs, Dedicated Direct Costs, and Indirect Costs.
  • The organization transitioned from reactive manual reporting to a strategic, analysis-driven approach.
数量效益
  • $40K Cost of turnover per employee
  • $90K Cost of turnover per nursing professional

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