Case Study: a manufacturing company of approximately 100 employees saves $175,000 in one year with Folks HR

Manufacturing Company of Approximately 100 Employees saves $175,000 in one year with Folks

The customer, a manufacturing company of approximately 100 employees, faced a significant challenge with its inefficient HR management. Without a dedicated HR manager, employee records were stored in multiple Excel files, making it impossible to measure key indicators. The company needed to optimize its HR processes with a comprehensive technological tool and chose to implement the Folks HR software from vendor Folks.

By implementing Folks HR, the company was able to centralize all employee data and measure critical HR metrics like turnover, absenteeism, and workplace satisfaction. Based on these indicators, targeted interventions were made. The results were substantial savings of over $175,000 in the first year, achieved by reducing the turnover rate from 15% to 5%, cutting the absenteeism rate from 8% to 3%, and increasing workplace satisfaction. Folks provided the essential tools to measure the impact of these HR strategies and simplify overall management.