Happy Workplace Model




 

 

Benefit calculations are always wrong

There are no two equal companies. There are no two equal countries. In order to be able to let you determine an order of magnitude of the potential you can release when you invest in a Happy Workplace Model, the calculation here on the left is based on average from official reports, research and a few 'common sense' assumptions. All explained here below.

 

If you want a specific calculation for your situation:

 

 

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Variables Values Details
GLOBAL VARIABLES
Average Annual Labour Cost (Wages + Other Cost) € 39.026,40 The national Average Labour Cost for selected country from http://ec.europa.eu/eurostat/statistics-explained/images/5/5c/Wages_and_labour_costs_YB2016_V2.xlsx, if not in list than 'wage only' taken from https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage
PRODUCTIVITY
Productivity gain (conservative: 1 hour/week) 2,5% Conservative productivity gain, research show that companies with higher than average employee engagment levels benefit from 21% higher productivity. http://businessjournal.gallup.com/content/163130/employee-engagement-drives-growth.aspx
ABSENTEISM
Workdays per year in your company 231 Average number of working days in a year minus 20 days holiday and 10 public holidays
Absenteism (average days missed per year) 12 If no country data, average of reported data taken (=9,1 days); Source: https://www.eurofound.europa.eu/observatories/eurwork/comparative-information/absence-from-work
Absenteism improvement (in days) 1 Assume 10%
TURNOVER
Average Turnover rate 15% Assumed rate of staff turnover. This is based on survey data indicating that the average annual rate of staff turnover in employing organisations in the UK is 16%
Percentage of reduction of the original Turnover rate (NOT the new) 10% Assumed reduction in the annual turnover of staff
Cost of Turnover 60% Eurostat
ONBOARDING
Employee Count Growth (next 12 months) 10% Assumed
Turnover rate from new hires (estimated) 30% Research shows 30% in the first year
Onboarding: New hire (days to full productivity) 90 The First 90 Days by Michael Watkins
Onboarding improvement (% improvement to full productivity) 10% Assumed