Variables Values Details
GLOBAL VARIABLES
Average Annual Labour Cost (Wages + Other Cost) € 39.026,40 The national Average Labour Cost for selected country from http://ec.europa.eu/eurostat/statistics-explained/images/5/5c/Wages_and_labour_costs_YB2016_V2.xlsx, if not in list than 'wage only' taken from https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage
PRODUCTIVITY
Productivity gain (conservative: 1 hour/week) 2,5% Conservative productivity gain, research show that companies with higher than average employee engagment levels benefit from 21% higher productivity. http://businessjournal.gallup.com/content/163130/employee-engagement-drives-growth.aspx
ABSENTEISM
Workdays per year in your company 231 Average number of working days in a year minus 20 days holiday and 10 public holidays
Absenteism (average days missed per year) 12 If no country data, average of reported data taken (=9,1 days); Source: https://www.eurofound.europa.eu/observatories/eurwork/comparative-information/absence-from-work
Absenteism improvement (in days) 1,2 Assume 10%
TURNOVER
Average Turnover rate 15% Assumed rate of staff turnover. This is based on survey data indicating that the average annual rate of staff turnover in employing organisations in the UK is 16%
Percentage of reduction of the original Turnover rate (NOT the new) 10% Assumed reduction in the annual turnover of staff
Cost of Turnover 60% Eurostat
ONBOARDING
Employee Count Growth (next 12 months) 10% Assumed
Turnover rate from new hires (estimated) 30% Research shows 30% in the first year
Onboarding: New hire (days to full productivity) 90 The First 90 Days by Michael Watkins
Onboarding improvement (% improvement to full productivity) 10% Assumed