Case Study: Providence saves $6M a year with Visier

Providence saves $6M a year with Visier

Providence, a large healthcare organization with 120,000 employees, faced the challenge of high employee turnover and needed to determine if targeted salary increases could be a cost-effective solution. They partnered with Visier, using its Workforce Intelligence platform, to analyze whether paying more in specific roles would reduce attrition enough to justify the expense.

Using Visier's people analytics capabilities, including survival analysis, the team at Providence identified that fewer than 1% of roles were highly sensitive to pay. Visier enabled them to target salary increases to these specific positions, which led to a 30% improvement in retention. This data-driven approach resulted in an estimated annual savings of $6 million for the organization by significantly reducing turnover costs.

Providence