The Value of Employee Experience
User Input Data
Number of employees at the beginning of year:
*
Number of employees at the end of year:
*
Average employee salary($):
*
Annual company revenue($):
*
Number of employees Terminated (Voluntary & Involuntary Exit) during the year:
*
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Citations
*LinkedIn Global Talent Trend 2020
*Gallup Q12 Meta-Analysis Report 2016
*Gallup, Managing Employee Risk Requires a Culture of Compliance
*Absenteeism Rate, BLS - Current Population Survey 2019
Employee Experience ROI
Total business value:
Total ROI Derived as Increase in Revenue from Improving the metrics below.
Business value per employee:
Increase in Revenue per Employee.
ROI Derivation
Increase in revenue due to Productivity/ Sales Factor:
Current:
Higher Engagement:
Returns:
Current revenue per employee.
Companies with highly engaged workforce increase productivity by 18.5%.
This is total increase in revenue for the company with a highly engaged workforce.
Total cost of absenteeism:
Current:
Higher Engagement:
Savings:
BLS estimates the average absenteeism rate in US is 2.9% of total working days. So, we calculate the cost due to absenteeism as 2.9% of the total wages. This is cost due to absenteeism considering the whole workforce.
Orgnization with highly engaged workforce can reduce the absenteeism rate up to 41% i.e. from 2.9% to 1.7%. This is the reduced cost due to low absentiseem considering the whole workforce which is highly engaged.
Total savings due to decrease in absenteeism rate for a company with a highly engaged workforce.
Total cost of employee turnover:
Current:
Higher Engagement:
Savings:
According to SHRM, the cost of replacing an employee is equal to 6 - 9 months of an employee’s salary. We assume 9 months of salary for all employees who left during the year.
Businesses with highly engaged workforce can reduce turnover by 41.5%. This is the reduced cost due to lower turnover.
Turnover Cost savings for business with a highly engaged workforce.
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Quick links
- Home
- AWA
- Attrition ROI Calculator
- Contact Us
Citations
*LinkedIn Global Talent Trend 2020
*Gallup Q12 Meta-Analysis Report 2016
*Gallup, Managing Employee Risk Requires a Culture of Compliance
*Absenteeism Rate, BLS - Current Population Survey 2019
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