How to Use the Calculator
- Enter the total cost of your employee engagement initiative in the "Total Engagement Initiative Cost" field.
- Input the employee satisfaction score before the engagement initiative in the "Pre-Engagement Employee Satisfaction Score" field.
- Enter the employee satisfaction score after the engagement initiative in the "Post-Engagement Employee Satisfaction Score" field.
- Provide the current annual employee turnover rate in the "Current Annual Employee Turnover Rate" field.
- Click the "Calculate" button to compute the ROI, satisfaction improvement, and turnover reduction.
Understanding the Results
The calculator provides three key metrics:
- Return on Investment (ROI): Indicates the percentage return on the investment made in the engagement initiative.
- Satisfaction Improvement: Shows the percentage increase in employee satisfaction due to the engagement initiative.
- Turnover Reduction: Demonstrates the percentage decrease in employee turnover as a result of the engagement initiative.
Example
Suppose you spent $10,000 on an employee engagement initiative. The pre-engagement satisfaction score was 60, and the post-engagement score was 75. The current turnover rate is 15%. The calculator would show:
- ROI: 150%
- Satisfaction Improvement: 25%
- Turnover Reduction: 83.33%
This indicates that the initiative was highly successful, yielding a positive ROI and significant improvements in employee satisfaction and turnover reduction.