Ignite ROI Calculator
At Ignite, we understand the importance of maximizing your investment in employee engagement. Our all-in-one platform offers comprehensive solutions to boost productivity, reduce turnover, and minimize absenteeism. Use our ROI calculator to see how Ignite can transform your organization.
How We Calculate ROI:
Our ROI calculations focus on three key areas: productivity, turnover, and absenteeism. Here’s how we break down each component:
Productivity Savings
Reduced Turnover Rates: Employee turnover is costly. Gallup found that the average cost to replace an employee ranges from 50% to 200% of their annual salary. Ignite’s engagement tools can reduce turnover by 25%. Additionally, it costs 33% of an employee’s salary to replace them.
Retention Programs: With effective recognition and rewards, companies see a significant reduction in voluntary turnover, saving millions in rehiring and training costs.
Turnover Savings
Improved Engagement: Engaged employees are more productive. Gallup research shows that highly engaged teams are 21% more productive than their less engaged counterparts. Moreover, companies with highly engaged employees are 21% more profitable.
Enhanced Learning: With our customizable learning paths, employees gain new skills faster, contributing to a 10% increase in overall productivity.
Efficient Communication: Our platform cuts through digital clutter, saving time and increasing efficiency by 15%.
Absenteeism Savings
Lower Absenteeism: Engaged employees are less likely to take unnecessary sick days. Gallup reports that highly engaged workplaces see a 41% reduction in absenteeism. Disengaged employees have a 15% lower profitability for a company, equating to a loss of nearly $16,000 per disengaged employee per year.
Health and Well-being Programs: By promoting a healthier work-life balance, our clients see a 20% reduction in absenteeism-related costs.