How much could your business save?

See the potential savings you can expect from a successful workplace health program by measuring absenteeism and staff turnover.

Absenteeism

Calculate your organisation's annual cost of absenteeism

Estimate the number of sick days (absenteeism)

Estimate the average annual gross wage per employee

Staff Turnover

Calculate your organisation's annual staff turnover

Estimate the number of staff who have left your organisation

Total Annual Savings

Estimated potential savings from a successful workplace health program

It is estimated that a successful workplace program can decrease staff absenteeism by an average of 30-40%1.

$85,000 Total annual cost of sick leave (absenteeism)
30%
$25,500 Savings made through reducing sick leave (absenteeism)

It is estimated that a successful workplace program can decrease staff turnover by an average pf 10-25%2.

$112,500 Total annual cost of staff turnover
10%
$11,250 Savings made through reducing staff turnover

Total annual savings

$00,000.00

as a result of implementing an effective workplace health program

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References

  1. 1. PwC 2008, Building the case for wellness, United Kingdom.
  2. 2. Australian Human Resources Institute 2008, Love 'em don't lose 'em - identifying retention strategies that work, HRpulse Research Report. Available from www.ahri.com.au
The NSW Government wishes to acknowledge the Australian Department of Health, the Menzies Institute for Medical Research and the Tasmanian Department of Health for this content.
Get Healthy At Work NSW Government