|
There are many ways for you to calculate SIGNIFICANT cost savings or increased revenue from using MANAGEtoWIN. Here are a few for you to consider:
Employee Engagement
The Gallup Organization: 75% of your employees are NOT fully engaged.
Recent WorkUSA Survey: Fully engaged employees are 26% more productive
| Company Revenue (estimate current year’s annual revenue) |
$_________ |
| Divide by number of employees |
__________ |
| Equals Revenue Per Employee |
$_________ |
| Multiply by 26% productivity improvement |
x 26% |
| Potential revenue improvement per unengaged employee |
$_________ |
| Number employees not fully engaged (75%) |
x ________ |
| Total Potential ROI from fully engaging employees |
$_________ |
Employee Turnover
Right Management (survey reported in Workforce.com) concludes 60% of employees intend to leave their firms as the economy improves in 2010. The cost of replacing a person is conservatively one year of their compensation due to the lost investment in their training, experience with your clients, recruiting costs and lost opportunity costs.
If MANAGEtoWIN helps you retain one person for one more year by managing them more effectively and giving them a clear career path so they understand their future, how much is that worth to you?
| Position |
1-Year Compensation |
Saved Through Retention |
| Executive |
$________________ |
100% of 1-Year Compensation |
| Manager |
$________________ |
“ |
| Development |
$________________ |
“ |
| Marketing |
$________________ |
“ |
| Operations |
$________________ |
“ |
| Sales |
$________________ |
“ |
If you just have a part-time receptionist and MANAGEtoWIN helps you more fully engage them so they stay another year, the savings are $10,000 or more. The question you have to ask yourself is, what is it costing you not to implement MANAGEtoWIN? The answer… too much!
Other R.O.I. Considerations
- Higher Quality Work: You have some top performers. How much more money will you make/save when more of your employees’ work is consistent with your best practices because they are held accountable in MANAGEtoWIN?
- Less Legal Risk: You are not fully tracking employee performance. How much money will you save on one employee lawsuit or grievance filing with a government agency when you have clear documentation in MANAGEtoWIN that shows the employee’s responsibilities and how they have performed?
- Time Savings: Currently your people dislike (hate?) your performance review process. How much money do you save when MANAGEtoWIN helps you complete your reviews in half the time, the process is less stressful and employees feel more valued?
|