How a Healthcare Tech Company Transformed its Separation Process

Company Industry: Healthcare
Employee Count: 15,000+
Product: Severance Automation

The healthcare tech company’s personnel needs were constantly in flux due to continuous innovation and growth through acquisitions. Due to the customer- and market-dependent nature of the industry, the company sought a more efficient way to manage the impact to its people when business demands necessitated workforce reductions.

In the past, similar separation events took between 32 and 45 days from  event initiation to generation of employee release agreements. On average, it cost the company approximately $256 per additional day an employee was kept on board. In the best-case scenario of a 32-day process, the company still spent more than $8,000 per employee given the 4+ week processing timeline.

To create a more efficient, employee-centered way to handle workforce reductions, they turned to Onwards HR. The result?

• Increased productivity by 83%

• Reduced the event processing timeline by 75%

• Saved ~$6,000+ per employee in payroll, severance, and benefits costs

Read the complete case study to learn the details.

“This might not be the kind of technology HR professionals think they need, but once they have it, they’ll realize the considerable time savings it creates—and the pressure it removes from HR and legal teams in ensuring accuracy of required documentation, as well as avoiding any wrongful termination lawsuits.”

-SVP People Solutions, HR Shared Services