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:
\\[ \text{New Turnover Rate} = \text{Turnover Rate} \times \left(1 - \frac{\text{Reduction Rate}}{100}\right) \\]
Cost Savings:
\\[ \text{Cost Savings} = \text{Employees Benefiting} \times (\text{Turnover Rate} - \text{New Turnover Rate}) \times \text{Replacement Cost} \\]
Net Value of Cephable:
\\[ \text{Net Value} = \text{Cost Savings} - \text{Total Cephable Cost} \\]