Turnover/Retention
Save $50 million dollars per year based on a salaried position of 70.000 dollars a year in a company with 3000 employees, on a 2.2% turnover rate pr. month [1] and on the premise that the average cost of replacing an employee are one to two times an employees salaried position [2, 3].
Research from Gallup reports that employee wellbeing directly impacts retention, when employees are thriving, they're almost a third less likely to be watching out for, or actively seeking, another job [4].
Employee retention metrics show 63% of U.S. employees rate greater work-life balance and better personal wellbeing as very important in their next job [5].
Absenteeism
The average cost of absenteeism in a large company is more than 3.6 million per year [6].
A study by the University of California, Riverside observed a 5% productivity increase in companies that focus on wellbeing. For every dollar spent there’s was a return of $3.27 in healthcare savings and $2.73 in reduced absenteeism costs [7].