£0 in Staff TurnoverFind out more
Oxford Economics estimates that staff turnover costs organisations £30,614 per employee on average. This includes the cost of recruiting and absorbing their replacement and lost productivity while they get up to speed. We have adjusted this figure down 30% to account for businesses of all sizes – the real impact of staff turnover could therefore be even higher.
You can find out more about the cost of disengagement-linked staff turnover to your business here:What The Staff Turnover Crisis Is Doing To Your Operating Income
£0 in Internal CommunicationsFind out more
Sub-par communications and collaboration systems are thought to cost employees around 15% of their work time every single day, according to research conducted by Webtorials on behalf of Mitel. This amounts to a yearly loss of $11,000 in productivity per employee for organisations. We’ve broken down this figure further in our blog post here:Inefficient Internal Communications Are Costing You $11,000 Per Employee
£0 in Lost ProductivityFind out more
Your staff productivity is equal to the amount of revenue generated per employee. According to Gallup, organisations with highly engaged workforces are 21% more productive than their disengaged counterparts. Want to know more about how employee disengagement impacts your financial productivity? Check out our blog on the topic below.The Impact Of Improved Employee Productivity On Your Bottom Line