Employee Recognition Tool

ROI Calculator

Organization data

K
20K100K

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

%
5%50%100%
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Recognition with Awardco could generate

${R12}

annually

Let’s breakdown how to get 8.67X return on just a $30,000 investment (0.5% of comp.)

Breakdown of ROI

 

Return from employees retained

${R6}
{R5} Employee(s) Retained
Expected turnover
{R2} employees
Cost to replace*
${R3}
Reduction in turnover*
10%
Total
${R6}

Return from employees’ boosted productivity

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

${R11}
Employee count
{Q1} employees
Revenue generated*
{R9} / employee
Minimum boost*
1%
Total
${R11}
*1 Based on average salary x 3
*2 Based on higher engagement

Return from employees’ reduced absenteeism

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

${R16}
Employee count
{Q1} employees
Absenteeism costs*
${R14} / employee
Reduction in absenteeism*
10%
Total
${R16}
*1 Based on average employee revenue x 3.2% average absenteeism

Grand total

${R12}

Ready to see Awardco in action?

Learn how Awardco can build culture, incentivize performance and power engagement for your team.