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ROI-Calculator - theEMPLOYEEapp

Last updated on August 8, 2023 at 04:37 pm

The ROI of theEMPLOYEEapp

Discover the ROI of engagement strategies and improving employee retention with our communication solution.

The ROI of Internal Comms Tools

Calculating the return on investment (ROI) of communication isn’t always easy. And that’s because the work we do has an impact on many things, but can’t always be directly correlated to KPIs like improving productivity and safety.

But strong internal communication does correlate with higher levels of retention, productivity, a better customer experience, and so much more.

Its up to us to prove it to our leadership teams, so you can get the budget you need for the right channels for your strategy. And we’re here to help you do that. Watch this video to hear from our experts on the impact of calculating the ROI of IC

“
Having theEMPLOYEEapp allowed us to connect with our team in ways we never could have imagined.
— Sara Timm, Waupaca Foundry

How theEMPLOYEEapp Improves the Bottom Line

The right internal communication solution is going to scale with your organization and maximize the impact of internal comms. Our app, intranet, and texting bundle can:

Improve employee engagement with communication
Address high employee turnover
Increase speed and efficiency with employee onboarding
Save teams time finding resources they need while on-the-job
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theEMPLOYEEapp ROI Calculator

To calculate the ROI of a solution like theEMPLOYEEapp, we recommend addressing the challenges of frontline worker turnover. Through industry research and feedback from our clients, we know sub-par communication impacts lost productivity, time-wasting, and eventual attrition.

Using this calculator will help you estimate your turnover rate, the average associated cost of replacement of those jobs, as well as the benefit of having theEMPLOYEEapp to strengthen communication and offset turnover.

Research: How Communication Improves Retention

We created the cost-savings calculator for improving retention, based on the following research.

Mitel’s Workplace Productivity & Communications Technology Report found that poor communication costs:

  • $10,200 per employee each year
  • A loss of 15% of the average employee’s workday

Oxford Economics and Unum found that the average cost of turnover per employee (earning £25,000 a year or more) is £30,614
Employee Benefit News reports that it costs employers 33% of a worker’s annual salary to hire a replacement—costing an average of $15,000 per worker
Work Institute’s 2017 Retention Report found that an employee earning a median salary of $45,000 costs about $15,000 to replace

74% of employees believe that better communication and collaboration tools would improve their productivity.

— Mitel

75% of the causes of employee turnover are actually preventable.

— Work Institute

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