What is the potential Return On Investment for an Employee Care Service?
Absenteeism costs your company $789 per employee per year. 78% of absences are due to personal problems equaling a $615 charge to your bottom line. When a resourceful and caring “Your Company Cares” Chaplain Team helps resolve only 10% of those problems, you would save $61.50 per employee annually.
Turnover costs your bottom line 2.5x’s per a full-time employee’s salary. A productive $55,000 a year, experienced employee leaving your company costs you $122,500. Department of Labor statistics show that 46% of the people that leave a company voluntarily do so because they don’t feel valued. Chaplains regularly help dissatisfied employees work through their problems, feel valued and remain on the job. When a “Your Company Cares” Chaplain Team prevents one manager from leaving, the savings would far exceed any program cost.
Fraud costs your company an average of $4500 per employee annually (time, tools, raw materials, office supplies, long-distance usage, etc.). Behind the personal financial distress motive of fraud is the existence of an “unsharable need”. Chaplains provide that outlet which allows people to share their problems confidentially when they are in a bind. When a “Your Company Cares” Chaplain Team only prevented 2% of in-house fraud, your savings would be $90 per employee annually.
A Savings of $151.50 would be realized per Employee annually in regards to only 2 of the 10 Benefits a Chaplain Team will provide. Improved morale and teamwork are the first benefits seen.
Further, human resource industry statistics indicate the return on a dollar invested in employee care ranges from $5-$16. Although it may not be possible to exactly quantify program impact, positive results will be seen in a number of areas important to every company: improved employee attitude, morale and teamwork, increased loyalty and commitment to company goals, reduced employee conflict, improved workplace safety, decreased fraud, decreased absenteeism, increased productivity, and reduced turnover.