Recruitment Services Case Study: GHRO Saves $1.7 M in 12 Months

A Taste of Success – How GHRO Can Reduce Your Turnover

The Problem:

Constant hiring. 20% turnover. Ridiculous Worker’s Comp rates. Mounting legal bills. And growing overtime expenses. If this sounds like your company, GHRO can help.

We recently helped a company of 1,500 employees turn around a mounting HR disaster:

• Turnover of 23.2%
• Cost of turnover was $3,600,000
• Overtime costs of $1,300,000
• Legal fees in excess of $500,000
• Average Workers Compensation cost per claim of $3,400

The Solution:

So why the costly performance? Quite simply, our client wasn’t attracting the right people. After contracting GHRO, we worked to develop a systematic approach that got the right people, the right way, at the right time. And the results were incredible:

• Reduce turnover to 2.5% of employees we recommended
• Lowered overall turnover cost by $657,000
• Reduced overtime by $505,000 (the vacancy rate is now a record-low 5%)
• Completely eliminated 100% of the legal fees for employees we recommend
• Reduced average Workers Compensation claim by 30%

By simply refining the Talent Acquisition process, we saved our customer over $1,700,000 in one year alone. Over 300 employees were hired as a result or approximately 30% of the current workforce.

If you’re looking for ways to get results too, please contact us at any time.