When it comes to allocating funds for employee engagement feedback, it’s how these initiatives convert into dollars that weigh in heaviest. Concrete, measurable, bottom line dollars. Use the calculator below to find out your ROI on employee engagement.
Number of employees?
# employees who leave voluntarily/yr
Average % of salary required to replace employees (administrative time, exit interviews, lost productivity...)
(studies have shown that % of salary can be from 15% to 200% - if you don't know, go with 40%.)
Absenteeism rate - %
combined turnover and absenteeism
Average turnover cost per voluntary leave
Annual Voluntary turnover cost
Annual Engagement turnover savings
Average daily cost per employee
Annual absenteeism cost per employee
Annual Absenteeism expense
Engagement absenteeism savings
Now that you understand the benefits
Improve Employee Engagement in your organization