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This should be headcount and not Full Time Equivalents as LifeWorks Absence Management Programme is paid for based on the number of employees.
This is for all full and part time employees.
This could be less than 12% if Contracted In.
This is X% of lost time as reported/recorded by your organisation.
This adds a further X% for absence which goes unreported. We find that 1% is a reasonable estimate.
This is the pension cost added to the salary loss of both reported and unreported absences.
This is for assessing other costs such as loss of goodwill, loss of orders, overtime costs, low morale from attendees etc. 10% indirect costs is a conservative estimate and this can be much more (especially where agency staff and employee profitability are calculated).
Calculate! »
Absence costs your organisation each year. - that's per employee!
click to expand a detailed breakdown of these costs
This is based on an assumption of 225 working days per year.
Based on your figures, if LifeWorks Absence Management Programme achieves a reduction in your absence rate, it will pay for itself!
If LifeWorks Absence Management Programme achieves a...
0.25% reduction in absence rate, you could save £1515 ...which equates to an ROI multiple of: 2.45
1% reduction in absence rate, you could save ...which equates to an ROI multiple of: 2.45
3% reduction in absence rate, you could save ...which equates to an ROI multiple of: 2.45
Click here to find out more
Let us know how to get in touch and we can explore the likely savings you'll enjoy with our Absence Management Programme!
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