Lost Workforce Productivity (LWFP), Stunning Business Risks and Costs

What is Hidden and Unmeasurable Can and Does Cause Havoc for CEOs and Leadership

Until PegasusAI3, Lost Workforce Productivity (LWFP) has never been accurately measured, nor have been the linked Business Risks and Costs

PegasusAI3 Discovered that LWFP Creates Measurable and Now Manageable Risks to Business

1. Operational Productivity

2. Strategic Projects

3. Sales. In Hospitals, this is Revenue Recovery

4. Profits

5. Accidents and Mistakes from Human Error

80% to 95% of LWFP is Generated by Employee Turnover and Slow Hiring

15% to 40% of LWFP can be recovered through PegasusAI3's TransformAI7 Solution Suite from implementation of BMS to the Workforce.

Addressing the Workforce LWFP Problems Goes Even Deeper - Not All Turnover is Equal!

Not all employee turnover is equal in the effects on Business Productivity and Risk Management. Loss of:

1. Top Performers

2. Specialists in Mission Critical Positions

3. Top Managers

4. Solid Performers - a major key to the stability of the business

Knowing when and why these valuable employees are going to leave is imperative to developing accurate Retention Plans. The following charts are from a an actual 295-bed hospital with their real data.

This level of information finally provides CEOs and Leadership with the ability to see, understand and address:

• Uncollected Revenue reaching 12% of total billed revenue. Why? Revenue Recovery is running at over 15% Lost Workforce Productivity (LWFP)

• Accidents, readmissions and customer satisfaction levels directly impacting businesses revenue and hospital VBP performance recovery revenue. Why? Core Medical Operations are trying to function with 9% Lost Workforce Productivity (LWFP)

• The Strategic Projects doing so well and ahead of schedule.  Why? Strategic Projects are running at only 3% LWFP, easily replaced by a little OT

• The cost to try and makeup a large portion of this LWFP with Premium and Temp/Contract labor is high. Actually it's over $65,000,000 and this does not include the Cost of HR Recruiting to refill this LWFP. The HR recruit costs exceed $20,000,000. 

• All in, the cost of LWFP from employee turnover is over $85,000,000 or 40% of Net Operating Profit.