Total Annual savings with Employee Engagement
That you could save every year!
Additional Revenue Per Employee
You get an additional increase in revenue with employee engagement.
Here is what you can save with Employee Engagement!
Annual Revenue of your Organization
What is Employee Engagement?
Employee engagement is an emotional connection which an employee feels towards their organization, that influences their level of effort in work-related activities. The main purpose of employee engagement is to create a work environment where employees love and care about their work.
Employee Engagement Program and the Savings You Make With It
With the help of authentic engagement statistics, now you can determine the accurate revenue that the organizaqtion can generate. Now save money, engage your employees and follow success with a more robust approach.
Calculate your Employee Engagement ROI
The calculations will be derived from
Total Annual Savings
With help of an Employee Engagement ROI calculator, an organization can accurately measure the impact of an engaged workforce and determine the investment required in an employee engagement program. The main goal of the methodology is to show the formulas used during the calculation and make it understandable.
The report's calculations have been formulated by considering the benchmasrks setby Inc.com and Gallup.
|Higher Productivity||Businesses with highly engaged teams experience a 21% increase in productivity. (Gallup)|
|Less Absenteeism||Businesses saw a drop in absenteeism by 37% when teams are engaged in their work (Inc.com)|
|Employee Turnover||On a average, highly engaged teams will experience a 40% improvement in turnover(Gallup)|
|Total Number of employees X Revenue per employee with higher engagement - Annual company revenue = Total Productivity Gains|
Number of Employees: The total number of employees present in a company.
Revenue per Rmployee: This calculation includes the revenue of a company divided by the average number of employees present in a company.
Annual Company Revenue: It is the total amount of money made by sales or services in a given year before costs or expenses are taken out.
|Total cost of absenteeism - Total cost of abseentism with higher engagement = Absenteeism Savings|
Total cost of absenteeism: This represents the cost of abseentism per employee mulyiplied by the average number of employes during a year.
|Total cost of employee turnover - Total cost of employee turnover with higher engagement = Turnover Savings|
Employee Turnover Rate: This represents the total number of employees that left a company during a particular year. For the calculation, divide the number of employees that left during the year by the average number of employees during the year (i.e., employees at the beginning of the year plus employees at the year, divided by two).
Total Annual Savings
|Productivity Gains + Absenteeism Savings + Turnover Savings = Total Annual Savings|
Note: A company's Total Annual Savings will depen on underlying factors such as Total Productivity gains, Absenteeism Savings, and Turnover Savings.
5 Best Employee Engagement Ideas
Some ideas to drive your employee engagement efforts -
Powerful Rewards and Recognition program.
Timely and meaningful pulse survey.
Psychological and Physical well-being.
Robust internal communication.
Providing work-life balance programs.