Axios HR helps combat high turnover and rising health benefits cost
A small business owner with a company comprised of 48 individuals in the manufacturing industry was experiencing 60% turnover rate and rising health benefits costs. See how entering a co-employment with Axios HR drastically helped.
Initial Challenges
Initial Challenges
- 60% turnover rate
- 15-day general labor fill-rate
- Rising health benefits cost
- Employee frustration due to lack of quick access to information and average 8 day response time to complex inquiries
- 6 costly injuries YTD
- Owner spending 13 hours/week on HR administration and vendor management
The Solutions
- Implemented staffing strategy based on performance metrics
- Co-employment partnership providing: health insurance consulting, master group plans, HR back-office administration, and HR front-office support and strategic HR
Results
- A 15% decrease in monthly turnover rate
- 3-day general labor fill-rate
- Multiple, competitive health benefit plan options at decreased costs
- Happy employees and families due to master group plan options and a secure, HR information platform
- Employee and family inquiries answered within 48 hours
- Decreased injuries by 30%
- $120,000 saved from turnover improvements
- $18,531.83 in total annual HR costs
- HR vendor consolidation from 5 companies down to 1 company, freeing up 30% more time for the owner