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How much does an employee engagement survey cost?

Last updated June 2024

So, what’s the price?

Of course, it’s one of the first things to consider when making an important long-term purchase for our organisations, especially when it impacts your whole team!

For Stribe’s most up-to-date costs please visit the pricing page.

Download: The Buyer’s Guide to Employee Engagement Software 🛠️

How much does an employee engagement survey cost?

The short answer is that survey costs vary significantly.

Employee engagement survey pricing can start from as little as £1 per user, per month – all the way up to over £100,000 for in-depth survey project management.

But you can generally expect the average cost of employee engagement survey software to be between £2 – £5 per person, per month.

 

How much do companies spend on employee engagement?

Your survey budget will depend on your organisations independent needs and characteristics, however a good rule of thumb is to spend between 1% – 2% of total payroll on employee engagement.

So, for example if your company’s monthly payroll is £200,000 your monthly employee engagement budget should be somewhere around £2000 – £4000.

And if you’re thinking that’s quite a bit of money, we’d encourage you to consider the costs of neglecting employee engagement.

 

How much does Stribe cost?

For Stribe’s most up-to-date costs please visit our pricing page.

Monthly and annual commitments are available.

Costs includes everything you’d expect and more:

  • Unlimited surveys
  • Integration and set-up
  • Support with onboarding and launch
  • Training for admins and team users
  • Reporting and analysis dashboard
  • Employee recognition tool
  • Anonymous messenger
  • iOS and Android app
  • Employee intranet platform
  • Life-time customer support

quotation mark Low engagement costs the global economy $8.8 trillion dollars, or 9% of global GDP. quotation mark

Gallup's State of the Global Workplace 2023 Report

Employee survey pricing factors to consider

The cost of employee engagement survey software varies based on several factors, such as the number of users, the features included, and the provider’s pricing model. Some platforms offer tiered pricing or charge per user, while others have a subscription-based model.

  • Number of employees
  • Length or number of surveys
  • Level of reporting and analysis
  • Additional features and add-ons
  • Customer support and training
  • Integrations

 

Are employee engagement surveys worth it?

Absolutely, yes! If you ask us, the cost of employee engagement can always be justified – given just how much of a positive impact a happy team has on overall business success.

But you probably already guessed we’d say that – so let us demonstrate to you just how transformative engagement surveys can be with statistics from Gallup research.

Organisations with exceptional engagement rates have:

  • 41% lower absenteeism
  • 59% lower turnover
  • 70% fewer employee safety incidents
  • 10% higher customer metrics
  • 17% higher productivity
  • 20% higher sales
  • 21% higher profitability

Need we say more? 😊

 

Benefits of outsourcing your employee engagement surveys

There’s plenty of benefits to outsourcing your employee engagement surveys or opting for specialised software like Stribe to help you.

  • Anonymity and employee trust

It’s often the case that when staff surveys are conducted in-house, employees don’t trust that answers will be kept truly anonymous.

When you work with a third-party that is committed 100% to anonymity, that fear is removed and trust increases, which helps with overall response rates, inclusion of voices and action planning.

 

  • Expertise support with survey writing without bias.

There is a science to asking the right questions and how to ask them without bias.

Our survey building tools use proven methods and industry best practices to help you create surveys that effectively capture the nuances of employee feelings, leading to more reliable data and informed decision-making.

 

  • In-depth reporting and analysis

 The most important thing about conducting surveys is to measure feedback and make improvements.

When you work with a third-party like Stribe, you can be sure you’ll receive in-depth reporting and analysis that go beyond basic statistics.

Our reporting tools do all the hard work for you to interpret data to identify trends, pinpoint areas for improvement, and provide strategic recommendations, enabling you to make data-driven decisions that ultimately improve employee happiness.

 

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About the author 

jade madeley
Jade Madeley

Starting out her early career as a journalist, Jade Madeley is an accomplished content writer with 8+ years’ experience across business, personal finance, SaaS, human resources and employee engagement. Working with Stribe, she crafts insightful content that brings complex HR topics to life and drives meaningful action.

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