Last updated on August 8, 2023 at 04:37 pm
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
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:
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
- $10,200 per employee each year
- A loss of 15% of the average employee’s workday
74% of employees believe that better communication and collaboration tools would improve their productivity.
75% of the causes of employee turnover are actually preventable.