The calculator is an interactive online tool that uses published evidence to help organisations build a more specific business case for engagement initiatives – and establish measures and targets to drive commercial success.
So if you are responsible for engagement building initiatives within your organisation and need help to identify, “How much should we spend on engagement initiatives?”, “What measures and targets should be in place?” and “What return I can expect?” simply input a few figures for your organisation here >>
There are two levels of analysis. The first level identifies different staff engagement levels and calculates an estimated cost to the organisation in terms of productivity, absence and retention. The second level enables the indicators to be adjusted and therefore quickly identifies the positive financial impact that different increases in engagement can have, helping define measures and ROI criteria.
The Engagement Calculator uses evidence from recent research and maps it against four key pieces of information provided in a short online survey. The data then provides an impact report that will:
- Help an organisation understand the “lost potential” at the four common levels of engagement (from disengaged to fully engaged);
- Calculate the financial impact of lower levels of engagement on performance, absence and retention across the organisation;
- See the impact of adjusted engagement levels and indicators, creating targets;
- Understand the potential impact on customer service and revenues.
Through this type of analysis organisations can calculate a potential budget, set realistic KPIs and assess the ROI of engagement initiatives such as recognition.
Assess the financial impact of employee engagement and calculate ROI for your organisation using the calculator here >>