Employee Engagement ROI Calculator
Why use an employee engagement ROI calculator?
You already know how important employee engagement is.
But engagement can be hard to quantify, and when it’s hard to measure the impact, it’s just as hard to get buy-in from decision-makers.
That’s exactly why we created this free employee engagement ROI calculator for HR teams – to help you show the monetary value of investing in your people.
Created in Excel – so you can download the calculator and always have a copy on-hand.
How is employee engagement ROI calculated?
When working out engagement ROI calculations we focus on three main areas and bring them altogether – profitability, absenteeism and employee turnover.
Profitability
Gallup research shows highly engaged teams have been shown to experience a 23% increase in profitability compared to disengaged teams.
Happier workers are also up to 13% more productive.
Absenteeism
According to the CIPD, the average number of workplace absences per employee in the UK is currently 7.8 days – this is the highest level reported in over a decade.
The good news is that companies with high employee engagement see a 78% reduction in absenteeism, according to Gallup.
Turnover
Employee turnover is one of the most costly challenges for a business’s bottom-line.
Companies with highly engaged workers can lower employee turnover by 31%, according to research by Bersin.
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