The Avidium Cost of the Status Quo
Calculator will help you quantify the costs of overlooking
employee turnover, customer satisfaction, and productivity.
answering a few questions, you can identify some of the costs associated with not addressing key areas in your business. Let's start with Employee Turnover.
Then, let's examine out what less than optimal Customer Satisfaction might be costing you.
Finally, we need to calculate your Employee Productivity costs. Click on NEXT to see your results.
improving human capital practices that decrease employee turnover and increase
productivity and customer satisfaction, Avidium can help you save significant costs annually. Contact Karim H. Ismail, Founder and CEO, Avidium Inc. at 416-383-0400 x 2 to start a conversation about how our team can help your organization.
Often, taking no action is the costliest option.
What's the Status Quo costing you?
Use our calculator to find out.
The Cost-of-the-Status-Quo Calculator
Step 1 of 3 - Employee Turnover
Employee turnover drains your organization of time, money, and talent. It costs employers 30-70% of base salary (depending on skill level and market conditions) to replace experienced employees. Start calculating your total Cost of the Status Quo below:
Step 2 of 3 - Customer Satisfaction
According to research published in the Harvard Business Review every 1.3% increase in Customer Satisfaction scores = .5% increase in sales. What is your current customer satisfaction score and how is it impacting your bottom line? To find out, answer these three questions:
Step 3 of 3 - Employee Productivity
Are your employees as productive as they could be? Most organizations estimate that their organizations are operating at 70% of their potential. What is underdeveloped potential costing your organization? Find out below.
Your Three Year Cost of the Status Quo
$0 Your Annual Current Cost of Maintaining the Status Quo
$0 in Employee Turnover Arrived at by multiplying the # of people in your organization, the annual salary, the current turnover rate, and an estimated 50% annual salary replacement cost in replacing and training the new employee until they can perform at acceptable levels.
$0 in Customer Satisfaction Arrived at by multiplying difference between desired and current customer satisfaction levels, the fact that
according to research published in the Harvard Business Review every 1.3% increase in Customer Satisfaction scores equals a .5% increase in sales, multiplied by your current annnual sales.
$0 in Employee Productivity Arrived at by multiplying difference between desired and current employee productivity levels levels, multiplied by your current annnual sales.