The ‘Employee Benefits ROI Calculator’, which is thought to be the first tool of its kind for UK companies, uses information input by the user about their business to create a potential savings figure. Where this information isn’t available, the calculator will substitute with default UK average data. The more company specific information the user has, around employee attrition or absence rates for example, the more accurate the calculation will be.
Alongside the calculator, Personal Group have condensed their findings into an infographic so business leaders can learn how much their individual employees can save, as well as the impact that implementing an employee benefits programme will have on recruitment, retention, absenteeism and productivity. Together, this will allow management to make an informed decision which is best for both the business and staff.
To use the ‘ROI Calculator’, please visit: www.personalgroup.com/roi-calculator
Mark Scanlon, Chief Executive Officer of Personal Group said:
“With total pay falling in real terms, employers and employees up and down the country are feeling the squeeze. Employee benefits are no longer just an HR focus, they’re a business imperative. We hope our research helps business leaders to quantify the positive impact that a benefits programme can have not only on employees, but the bottom line too.”
