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*For the average-sized hospital, defined by the study’s mean FTE (full-time employees).
TALENT
How
TALENTMANAGEMENT
drives your
ORGANIZATION’S
GOALS
HEALTHCARE ORGANIZATIONS’ TALENT MANAGEMENT PRACTICES ARE
REFLECTED IN EVERYTHING FROM TURNOVER RATES AND BENCH
STRENGTH TO VALUE-BASED PURCHASING (VBP) AND OPERATIONAL
EFFICIENCY. A RECENT STUDY CATEGORIZED 130 HOSPITALS AS EITHER
LOW- OR HIGH-PERFORMERS BASED ON THEIR TALENT MANAGEMENT
STRATEGIES. DISCOVER HOW AND WHY THOSE TOP HEALTHCARE
CENTERS OUTPERFORMED THEIR LOW-PERFORMING COUNTERPARTS!
Skilled staff and well-trained leaders are critical to delivering quality care –
so how do high performers fare against lower performing hospitals?
01 TURNOVER RATE01 TURNOVER RATE
91% LESS
overall staff turnover per year
85% LESS
yearly turnover amongst
executives (VP & above)
36% LESS
nursing turnover, which could
save over $5 million/year*
A commitment to talent management helps recruit top candidates and proactively
develops your future leaders. How do the two hospital groups fare against each other?
02 TALENT SHORTAGE02 TALENT SHORTAGE
High-performing hospitals
reported a leadershipbench
strength score of over
7X HIGHER
89% LESS
spent on executive searches,
which can result in savings
of over $1.19 million*
This links quality of care, organizational efficiency, and patient satisfaction to incentive
payments and reimbursements. How does this translate to a performance difference?
03 VALUE-BASED
PURCHASING (VBP)
03 VALUE-BASED
PURCHASING (VBP)
23% HIGHER
Total Performance Score
(a new CMS metric which evaluates hospitals
across process of care, patient experience,
outcomes, and efficiency domains)
16% LESS
average Medicare
spending per episode
13% HIGHER
HCAHPS scores
OVERALL, HIGH-PERFORMING HOSPITALS DEMONSTRATED GREATER
EFFICIENCY, WITH A NET PATIENT REVENUE PER EMPLOYEE THAT WAS
OVER 56% HIGHER THAN THEIR LOW-PERFORMING COUNTERPARTS.
Learn more about how talent management can deliver higher
patient satisfaction scores, reductions in turnover, stronger staff
performance, and an overall healthier bottom line.
© 2015 Cornerstone OnDemand, Inc. All Rights Reserved.
Sources:
Groves, Ph.D., Kevin. “Impact of Talent Management Practices on Financial, Workforce, & Value‐Based Purchasing Metrics.”
Healthcare Talent Management Survey 2014. Date published: N/A. Date accessed: June 17, 2015
Cornerstone OnDemand is a global leader in cloud-based learning and talent management software. Our solutions help
organizations realize the potential of a new world workforce. From recruitment, onboarding, training and collaboration, to
performance management, compensation, succession planning and analytics, Cornerstone empowers a lifetime of learning
and development that is fundamental to the growth of employees and organizations. To learn more, visit csod.com.
*For the average-sized hospital, defined by the study’s mean FTE (full-time employees).

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How talent management drives your organization's goals

  • 1. LEARN MORE *For the average-sized hospital, defined by the study’s mean FTE (full-time employees). TALENT How TALENTMANAGEMENT drives your ORGANIZATION’S GOALS HEALTHCARE ORGANIZATIONS’ TALENT MANAGEMENT PRACTICES ARE REFLECTED IN EVERYTHING FROM TURNOVER RATES AND BENCH STRENGTH TO VALUE-BASED PURCHASING (VBP) AND OPERATIONAL EFFICIENCY. A RECENT STUDY CATEGORIZED 130 HOSPITALS AS EITHER LOW- OR HIGH-PERFORMERS BASED ON THEIR TALENT MANAGEMENT STRATEGIES. DISCOVER HOW AND WHY THOSE TOP HEALTHCARE CENTERS OUTPERFORMED THEIR LOW-PERFORMING COUNTERPARTS! Skilled staff and well-trained leaders are critical to delivering quality care – so how do high performers fare against lower performing hospitals? 01 TURNOVER RATE01 TURNOVER RATE 91% LESS overall staff turnover per year 85% LESS yearly turnover amongst executives (VP & above) 36% LESS nursing turnover, which could save over $5 million/year* A commitment to talent management helps recruit top candidates and proactively develops your future leaders. How do the two hospital groups fare against each other? 02 TALENT SHORTAGE02 TALENT SHORTAGE High-performing hospitals reported a leadershipbench strength score of over 7X HIGHER 89% LESS spent on executive searches, which can result in savings of over $1.19 million* This links quality of care, organizational efficiency, and patient satisfaction to incentive payments and reimbursements. How does this translate to a performance difference? 03 VALUE-BASED PURCHASING (VBP) 03 VALUE-BASED PURCHASING (VBP) 23% HIGHER Total Performance Score (a new CMS metric which evaluates hospitals across process of care, patient experience, outcomes, and efficiency domains) 16% LESS average Medicare spending per episode 13% HIGHER HCAHPS scores OVERALL, HIGH-PERFORMING HOSPITALS DEMONSTRATED GREATER EFFICIENCY, WITH A NET PATIENT REVENUE PER EMPLOYEE THAT WAS OVER 56% HIGHER THAN THEIR LOW-PERFORMING COUNTERPARTS. Learn more about how talent management can deliver higher patient satisfaction scores, reductions in turnover, stronger staff performance, and an overall healthier bottom line. © 2015 Cornerstone OnDemand, Inc. All Rights Reserved. Sources: Groves, Ph.D., Kevin. “Impact of Talent Management Practices on Financial, Workforce, & Value‐Based Purchasing Metrics.” Healthcare Talent Management Survey 2014. Date published: N/A. Date accessed: June 17, 2015 Cornerstone OnDemand is a global leader in cloud-based learning and talent management software. Our solutions help organizations realize the potential of a new world workforce. From recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics, Cornerstone empowers a lifetime of learning and development that is fundamental to the growth of employees and organizations. To learn more, visit csod.com. *For the average-sized hospital, defined by the study’s mean FTE (full-time employees).