Navigation Links
Infohrm Member Client Saves Millions of Dollars Through Workforce Analytics

WellPoint, Inc. identifies potential savings of $6 million in early tenure turnover costs.

Washington, DC (PRWEB) November 10, 2008 -- Infohrm, the global leader in workforce planning, reporting and analytics solutions, today released a case study highlighting the tremendous financial success of its member client WellPoint, Inc.'s workforce analytics program. Through in-depth analysis of workforce data, WellPoint is on track to save over $6 million by dramatically reducing early tenure staff turnover.

WellPoint, a $61 billion dollar commercial healthcare benefits company (NYSE: WLP), faced a similar challenge to most global firms: rising turnover rates among staff with less than one year of tenure. High turnover among this segment of the employee population had significant financial impact—the recruiting, onboarding, and training costs for new hires were not being returned to the business in the form of productivity gains.

WellPoint leveraged Infohrm's i3 human capital dashboard to determine that turnover was highest among two specific job families and several distinct geographic locations. Armed with workforce and business insights that pinpointed the areas of greatest opportunity for improvement, the WellPoint team created a financial Cost of Turnover model (to translate workforce data into financial metrics), analyzed data across five key dimensions of the employment experience—including the hiring process and starting salaries—and tracked a range of metrics, including employee engagement, quality of hire, and job preview effectiveness.

The results: A 13.5% decrease in First Year Voluntary Turnover and a direct cost avoidance of almost $6 million.

"The Infohrm i3 dashboard is a reliable, dynamic, customizable, and consistent source of human capital data for WellPoint," explained David Ibarra, Director of HR Metrics & Analytics for WellPoint. "The partnership with Infohrm has allowed our organization to drive business performance through improved workforce productivity and performance."

"Infohrm is delighted to partner with progressive Human Resource leaders such as David Ibarra and organizations like WellPoint," said Brian Kelly, President of Infohrm North America. "David and the WellPoint team quantified the financial impact of an issue facing all large companies by identifying a critical human capital opportunity, analyzing data from across the entire organization, and significantly reducing turnover costs. It is a great example of success in workforce analytics."

To read the entire story, visit Infohrm's Case Studies.

About WellPoint, Inc.:
WellPoint, Inc. is the largest publicly traded commercial health benefits company (in terms of membership) in the United States, serving over 35 million members, and is an independent licensee of the Blue Cross Blue Shield Association. In 2007, the organization generated revenues of $61 billion.

About Infohrm:
Infohrm is the global leader in on-demand workforce planning, reporting, and human capital analytics solutions. With over 25 years of experience, and a strong customer base consisting of Fortune 1000, non-profit, and government clients, Infohrm has paved the way for organizations to measure the impact of human capital initiatives and drive business results. The Infohrm solutions couple a leading edge on-demand technology platform with strategic consulting and HR professional development services that focus on the analysis of data to help organizations make informed decisions around human capital practices.

In April 2008, Gartner named Infohrm to its "Cool Vendors for Human Capital Management Software" report.

Contact Information:
Mick Collins
Director of Marketing

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: on behalf of the company listed above.


Read the full story at

Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved

Related medicine news :

1. MVP Health Care and IncentOne Partner to Provide Member Incentives for MVP and Preferred Care WellStyle Extras Program
2. Health and Wellness Incentives: How Health Insurance Providers Can Motivate and Sustain Member Participation in Wellness Programs
3. Golds Gym Members Outvote The Governator; Vote Barack Obama Over McCain as Best Workout Partner
4. Laila Ali Debuts as Member of California Governors Council on Physical Fitness and Sports
5. In Final 72-Hour Push, SEIU Members Get Out The Vote for Barack Obama and Other Working Family Candidates Across the Country
6. Blue Cross Foundation Welcomes New Board Chair and Members
7. CareAnalyzer From DST Health Solutions Helps Health Plans Improve Care Management and Quality for Members
8. Boston Scientific Welcomes Passage of Federal Pain Care Legislation to Benefit Military Members and Veterans
9. NxStage Appoints New Member to Its Board of Directors and Announces Resignation of Board Member
10. Mary Hall, CEO of iHealthSpot, Inc., is Awarded Membership Into Fort Lauderdale City Limits "Profiles of Excellence"
11. SEIU Members Stepping up Their Efforts for Obama-Biden Ticket
Post Your Comments:
(Date:10/13/2015)... , ... October 13, 2015 , ... "My friend's son ... fists into his infected cheeks," said an inventor from Platteville, Colo. "I came up ... problems." , He developed the UNTOUCHABLE to prevent a child from rubbing or scratching ...
(Date:10/13/2015)... ... October 13, 2015 , ... ProText Kinetic Panel is ... With ProText Kinetic Panel, users can create energetic text animations in any layout without ... the Final Cut Pro X timeline and stylize the text. With intuitive on-screen controls, ...
(Date:10/13/2015)... ... October 13, 2015 , ... Relay (, a ... announced today a significant contract that will provide its award-winning private messaging solution ... on the growing success of its Relay program, IBX Wire™, which now has ...
(Date:10/13/2015)... ... October 13, 2015 , ... ... of Anik Singal's newly launched "Publish Academy" training course . Singal's new ... opened for enrollment today, and marketers around the Internet are weighing in with ...
(Date:10/13/2015)... ... October 13, 2015 , ... T-System and Centegra Health ... 59,000 emergency department visits per year, today announced the successful and rapid deployment ... clinical, operational and financial outcomes. , In less than four days, ...
Breaking Medicine News(10 mins):
(Date:10/13/2015)... 2015 Families across the country have ... to the pharmaceutical company,s blockbuster anti-nausea drug Zofran ... caused by their fraudulent misrepresentations to prescribing physicians ... pregnant women.   Due to the large number of ... States Judicial Panel on Multidistrict Litigation (JPML) has ...
(Date:10/13/2015)... , Oct. 13, 2015   Generational Equity , ... businesses, is pleased to announce the acquisition of its ... Largo, Florida , by Meridian Biomedical, ... September 11, 2015. Florida ... --> Florida . To learn more, ...
(Date:10/13/2015)... 13, 2015 According to the ... sponsored by Cardinal Health , achieving both ... diversified pharmacy revenue streams are vital to the ... NCPA Digest affirms that independent community ... in underserved inner city and rural areas," said ...
Breaking Medicine Technology: