Innovation Minds ROI
Save Big. Win Big. With Innovation Minds Enterprise Solution.
| Enter basic parameters | ||
|---|---|---|
| Your employee headcount | Enter your number of employees | # |
| Average employee salary (USD) | Industry average ($60k) | $ |
| Employee turnover rate | Industry standard is 15% | % |
| Avg. cost to replace any employee | Industry standard is 33% of annual salary | % |
| Revenue multiplier per employee | Industry standard is 3x annual salary | x |
| Absenteeism cost | Industry standard is 3% of annual salary | % |
| Expected turnover (headcount × turnover rate) |
Cost to replace (avg. salary × replacement cost) |
Expected reduction in turnover from higher engagement and innovation |
|---|---|---|
| 0 | $0 | % |
| Savings from retaining talent | $0 | |
| Headcount | Revenue generated per employee (revenue multiplier × avg. salary) |
Minimum productivity boost from higher engagement and innovation |
|---|---|---|
| 0 | $0 | % |
| Boosted productivity value | $0 | |
| Headcount | Absenteeism cost per employee (avg. revenue × absenteeism cost) |
Expected reduction in absenteeism from higher engagement and innovation |
|---|---|---|
| 0 | $0 | % |
| Savings from reduced absenteeism | $0 | |
| Innovation Minds | Our Co-Opetitors | |
|---|---|---|
| Enter your negotiated Innovation Minds price for true ROI | $ |
$0 |
| Savings from your investment | $0 | $0 |
| Your ROI | 0x | 0x |
ROI = total savings ÷ your investment. Investment is based on standard pricing and does not include volume discounts or module selection. Changing headcount resets the Innovation Minds investment to standard pricing.
Please note that accounting for employee-driven customer satisfaction - specifically through metrics like revenue boost per employee and Customer Lifetime Value (CLTV) growth - will further compound the overall ROI.
Citations & References
https://www.bls.gov/news.release/jolts.t18.htm
https://www.hcmi.co/employee-turnover-cost
https://www2.deloitte.com/us/en/insights/deloitte-review/issue-16/employee-engagement-strategies.html
https://www.cfo.com/strategy/2018/12/metric-of-the-month-business-entity-revenue-per-employee/
https://news.gallup.com/businessjournal/200108/damage-inflicted-poor-managers.aspxy
https://www.bls.gov/cps/cpsaat47.htm
https://www.gallup.com/workplace/236366/right-culture-not-employee-satisfaction.asp