$90,000 Healthcare Case Study

“We use a rather cumbersome Excel Spreadsheet for compensation management within our 1,200+ employee organization. Requiring excessive man-hours to maintain, this approach is error prone while constraining our ability to make appropriate salary/wage adjustments in a timely manner.

Because of these deficiencies, we perpetually run the risks of losing key employees to competitors. An example would be the loss of a higher-end employee for whom we were remiss in maintaining their salary at a competitive level.

The ultimate cost to us was the equivalent of their annual $90K+ salary when taking into account the recruitment of a replacement, training and the lag time for the new employee to get to full productivity”. CFO, California Hospital