How will Cephable affect my retention and attrition metrics?

Retention or Attrition. An employee is always heading in a direction.

Employees leave if they don’t feel supported. They stay when they are. Supplying your workforce with 6 new ways of getting their work done goes a long way in showing, not telling. 

The Calculator Explained

Equation Components

Variables:

  • Current Employee Turnover Rate (%):
    Users enter their organization’s current turnover rate.
    Example: 15% annually.
  • Expected Reduction in Turnover Rate with Cephable (%):
    Based on public statistics or studies (e.g., assistive technologies reduce turnover by 20-40% for affected employees).
    Default value: 25%.
  • Number of Employees Benefiting from Cephable:
    Users estimate the number of employees who would directly benefit.
    Example: 100 employees.
  • Average Employee Annual Salary ($):
    Users input the average salary of employees.
    Example: $70,000.
  • Cost to Replace an Employee (as % of salary):
    Industry average is 50-200% of annual salary depending on role level.
    Default value: 100%.
  • Cost of Cephable per Employee ($):
    Entered or calculated based on Cephable’s pricing model.
    Example: $300/year per user.

The Mathematical Equation

Cephable ROI Equations

New Turnover Rate:

New Turnover Rate = Turnover Rate × (1 - (Reduction Rate ÷ 100))

Cost Savings:

Cost Savings = Employees Benefiting × (Turnover Rate - New Turnover Rate) × Replacement Cost

Net Value of Cephable:

Net Value = Cost Savings - Total Cephable Cost

Cephable's Impact on Attrition