Cadence Health: Turnover Analysis & ROI of Retention

Group of doctors standing at hospital building

Industry

Healthcare

Challenge

Cadence Health faced an inefficient workforce planning process, lacked insight into the main drivers of employee turnover and retention, and was unaware of the value of internal mobility on retention.

Results

Cadence Health identified key trends and predictive drivers, resulting in actionable ROI savings of an estimated $1.3 million annually and $7.1 million over 5 years. They achieved this by increasing internal hires by 10%, implementing defined career paths, and tracking internal hires.

Key Product

Workforce Modeling Solutions, Predictive Data Models, HR Reporting and Analysis Tools

$1.3M

Annual ROI Savings

$7.1M

5-Year ROI Savings

10%

Increase in Internal Hires

66%

Turnover Reduction

The solution was clear and the recommended approach not only optimized talent utilization but also strengthened employee retention and engagement, driving long-term success.

Workforce Analytics Team

Cadence Health

About Cadence Health

Cadence Health is a large multi-hospital provider with over 7,000 employees, striving to optimize workforce costs, profit, and productivity.

The Challenge

Cadence Health, a large multi-hospital provider with over 7,000 employees, struggled with an inefficient workforce planning process. The organization lacked crucial insights into the main drivers of employee turnover and retention. Additionally, they were unaware of the significant value that internal mobility could bring to employee retention.

The Solution

Cadence Health teamed up with LYTIQS to conduct an in-depth turnover analysis. This collaboration aimed to uncover crucial trends, pinpoint drivers, analyze key metrics, and link turnover to business outcomes and financial impact. The LYTIQS team provided a comprehensive workforce modeling solution that optimized talent utilization, improved retention, and drove long-term success. 'The solution was clear and the recommended approach not only optimized talent utilization but also strengthened employee retention and engagement, driving long-term success,' noted the Workforce Analytics Team.

The Results

Following the implementation of LYTIQS' analytics and solutions, Cadence Health identified key trends and predictive drivers. This led to significant, actionable ROI savings of an estimated $1.3 million annually and $7.1 million over five years. The organization also saw a 10% increase in internal hires and a 66% reduction in turnover. By implementing defined career paths and tracking internal hires, Cadence Health transformed their workforce planning process, ultimately enhancing their operational efficiency and employee satisfaction.