Providence operates more than 50 hospitals and 800 clinics in the western U.S.
Industry: Healthcare Headquarters: Renton, WA Employees: 120,000 Challenge: Determine if and how raising salaries will affect turnover, and what it would cost Solution: Leverage historical data and survival analysis
$6M saved annually by upping pay
30% improved retention in key areas
< 1% of jobs analyzed were sensitive to pay
Pay is one of the reasons people leave. We’ve seen pay go up and down in importance, and right now pay as a reason [for staying or quitting] is on an upswing.
Director of Workforce Intelligence