Employee Recognition tool

ROI Calculator

Discover the financial impact of driving behaviour, building culture, and retaining employees through employee recognition.

What is your employee headcount?

Please enter a number larger than 0
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What is your average employee salary?

$20K
$100K
$0
K
Next

Let's add your average employee turnover rate.

According to the Bureau of Labor Statistics, the voluntary turnover rate for most industries in 2021 was 10%-30%.

5%
30%
0
%
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Recognition with Awardco could generate ${R12} USD annually!

Let's break down how to get {R13}X return on just a ${R1} investment(1% of comp).

{Q1} Employees
$
{Q2} Avg Salary
{Q3}
% Turnover Rate

{R5} Employees Retained

${R6}

Effective recognition can reduce turnover by 31%, saving money typically spent to find and onboard new employees.

EXPECTED TURNOVER

{R2}

employees
employee count x turnover rate
Cost to Replace

${R3}

avg salary x 33%
Reduction in Turnover

31%

with effective recognition

{Q1} Employees' Boosted Productivity

${R11}

Effective recognition increases engagement and can boost productivity up to 17%! Let's use a conservative estimate of 1%.

Employee Count

{Q1}

employees
Revenue Generated

${R9}/

employee
avg salary x 3
Minimum Boost

1%

from higher engagement

{Q1} Employees' Reduced Absenteeism

${R16}

Effective recognition improves the employee experience, reducing absenteeism up to 41%.

Employee Count

{Q1}

employees
absenteeism costs

${R14}/

employee
avg employee revenue x 3.2% avg absenteeism
Reduction in absenteeism

41%

with effective recognition

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