ROI Calculator
Discover Your Savings Potential
Calculate your potential savings through increased engagement
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Input Parameters
Potential Savings
Absenteeism
Turnover
Savings
Our Calculation Basis
Assuming that each employee contributes to value creation in proportion to their compensation, increased productivity enhances the overall contribution to revenue – proportional to personnel costs.
A recent Gallup report shows that companies with highly engaged employees saw an average revenue increase of 18%. We conservatively estimate an increase of 6%.
Productivity Savings = Number of Employees × Average Annual Salary × 6%
Turnover costs include expenses for hiring and onboarding new employees, productivity losses, customer service and errors, training costs (invested in former employees), and cultural impacts.
For an average company, investing in better employee processes reduces voluntary turnover by 31%. We conservatively estimate a 20% reduction in turnover. Additionally, turnover costs per employee typically range between 100% and 150% of salary. We assume 120%.
Turnover Savings = Number of Employees × Average Annual Salary × (120% × input turnover rate × 20%)
Absenteeism can be a symptom of low engagement and a warning sign for burnout. The gains or savings from reduced absenteeism are proportional to total personnel costs.
Absenteeism costs range between 20.9% and 22.1% of total wage costs (direct and indirect costs, SHRM/Kronos study). We assume that about 11% of costs are due to unplanned, paid absences. A Gallup study also shows that teams or companies with high employee engagement can reduce absenteeism by up to 81%. We conservatively estimate an improvement of 18%.
Absenteeism Savings = Number of Employees × Average Annual Salary × 11% × 18%
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PARI Implemented Strategic Changes Increasing Its Employee Satisfaction
Employee survey insights helped us uncover three concrete areas of improvement including workload, talent development and cross-department communication. Partnership with Honestly is pivotal in fostering a fulfilling work environment at PARI
Helvetia Closed the Gap Between Management and Employees
Our managers feel empowered to run surveys which help them get closer to their teams, ultimately increasing employee engagement.
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