ROI Analysis Toolkit

 

 

 

Learn how to easily gain buy-in

90% of leaders think an engagement strategy has an impact on business success, but only 25% of them actually have a strategy.
Did you know that 90% of leaders think an engagement strategy has an impact on business success, but only 25% of them actually have a strategy?
 
This Toolkit is designed to get the executive support you need to effectively move your engagement strategies forward.  
  
The table of contents on the right will help you navigate the ROI Analysis and Calculator. Since the #1 reason employee engagement initiatives fall flat is the lack of executive buy-in, our goal is to help show how HR's strategic solutions align with positive organizational outcomes. 
 
Let's get this party started! 

Table of Contents

Show Executives the Bottom Line Impact of Engagement

To secure buy-in, you must be able to show the correlation between HR initiatives and the organization’s bottom line. That's why we recommend focusing on these four Key Performance Indicators (KPIs) to align internal strategies and gain the support you need:
1

Increased Revenue:    Engaged employees are more productive, which makes the organization more profitable. 

2
Absenteeism Savings: 
Engaged employees take less time off work, which also translates to higher productivity.
3

Turnover Savings:
Engaged employees don’t want to quit and retaining your top employees is critical.

4

Increased Productivity:
Engaged employees are more productive, they produce about 35% more work. 


But don't worry, you don't need to figure these numbers out on your own. We developed the Employee Engagement ROI Analysis Calculator to help you quickly show the financial upsides of increasing engagement in your unique organization. 

Download Your ROI Analysis And Calculator

Free ROI Analysis & Calculator image

Free ROI Analysis & Calculator

Our free ROI Analysis and Calculator will equip you to gain buy-in with research-proven data to show the return on investment by making employee engagement a priority. It comes equipped with a customized PDF to present results, excel calculator, and all the supporting research to confidently share your results.

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Ultimate ROI Analysis Calculator image

Ultimate ROI Analysis Calculator

$19.99

Leverage our sophisticated all-in-one ROI Analysis Calculator to secure stakeholder approval with solid, research-driven evidence of the financial benefits stemming from investments in employee engagement. This tool offers deeper insights into your initiatives and organizational data to make more strategic decisions.

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ROI Analysis and Calculator Overview (Free Version)

This calculator is a tool to help you determine the financial numbers you need to complete your ROI Analysis Overview. Here is the only organizational data you need, we will do the rest. 

  • Turnover Rate (Not sure? We can help you calculate)
  • Annual Revenue
  • Number of Employees
  • Average Salary (Ideally both Entry and Executive levels)

Once you input your data, the calculations will automatically populate. It's that easy! Transfer the data to your ROI Analysis and you are ready to present.

Short on time? No problem, let us do it for you!

If you're a visual person, check out our short video. We will walk you through the ROI Analysis and Calculator. We're just a click away!

Improving engagement

#1 - Increased Revenue

When it comes to ROI, Revenue is at the top of the list for most executives. Calculating your projected revenue increase will certainly grab their attention. Engaged employees are more committed and productive, which drives revenue and efficiency. This has been proven time and again.

A study by Aon found a direct correlation between engagement and revenue.  Organizations that increased employee engagement by a mere 5% directly increased their revenue by 3%. Not too bad, right?

#2 - Absenteeism Savings

Did you know that an increase in engagement can save money by reducing the number of "sick days" (cough, cough)?

The numbers don't lie:

  • Disengaged employees take 2x as many sick days as engaged employees. Yikes! 
  • An increase in engagement can save on average of 37% in absenteeism costs. 

When employees are missing work, you're paying for the time off while losing productivity. Reduce sick days by increasing your number of engaged employees.  It pays to keep your people excited about their work and invested in the organization that cares! 

Engaged employees
The top three

#3 - Turnover Savings

The number one reason why employees quit is because they don't feel appreciated.

True story. Check out the recent McKinsey Study on the Great Resignation. 

It’s human nature, a basic need to feel valued and appreciated. Employee recognition is one of the leading drivers of engagement. If this isn't apart of your initiatives now, make sure it will be. The pay off will be tremendous and will help you reach the financial savings highlighted on your ROI Analysis. 

You'll notice that one of the biggest financial opportunities when it comes to engagement is retention. Did you know 65% of employees who quit do so voluntarily?

That's right. These are people you want to stay. You have a chance to engage them, recognize them, appreciate them, listen to them and act of their feedback before they put in their notice later. It's never too late. 

#4 - Increased Productivity

Employee disengagement is expensive! It costs U.S. businesses up to $550 billion dollars per year in lost productivity. 

Employees who aren't engaged certainly aren't motivated to perform. In fact, they are costing their organization about 34% in lost productivity compared to their engaged and committed colleagues. It's a big hit to the bottom line. 

So, what does disengagement look like? Here are a few quick examples: 

  • Showing up late to work
  • Missing deadlines
  • Surfing the internet for open positions at work

They often roam in crowds. According to Gallup, about 17% of U.S. workforce is disengaged. However, it's important to get your own engagement score to measure and monitor progress. Every organization is unique. 

disengaged employees

Get Your Free Employee Engagement Score

Survey

Discover the financial prospects lying dormant within your organization by tapping into critical insights from our statistically valid employee engagement survey. The data you gather will not only enlighten you with invaluable insights but also serve as a solid foundation and straightforward addition to your ROI Analysis and Calculator.

Avoid navigating in the dark; understand your current position to strategically map out your future path!

Your Free Engagement Report Includes: 

  • A statistically-valid engagement score
  • Employee Net Promoter Score (eNPS)
  • Long-Term Turnover Risk (12+ months) 
  • Effectiveness Scores within the 5 Key Engagement Drivers in your Organization
  • Add Custom Questions for personalized Insights 
Get Started for Free

Free eBook: The Only Four Numbers You Need to Gain Executive Buy-In 

Use our free ROI Analysis Calculator to speak your executives' language and gain their support. This research proven resource is personalized to show bottom line impact for your organization by increasing employee engagement.

eBook: The Only Four Numbers You Need to Gain Executive Buy-In with the ROI Analysis

What Our Clients Are Saying

"Sparck's free Employee Engagement ROI Analysis tool was an easy and effective way to communicate how an increase in engagement can directly impact our company's performance.  The customized one-page overview was a great addition to the executive meeting and gave us a way to look at our specific numbers and outline a solution. I highly recommend this tool to HR professionals who are mapping out their internal strategies and want to upgrade to the #BeHeard Premium Report."

Jennifer Hureaux, HR Manager 

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