ROI Calculator Data Sources
| Average Industry Salary |
Average employee salary listed by industry from Jobs and Skills Australia as per data from April 2026. (https://www.jobsandskills.gov.au/data/occupation-and-industry-profiles/industries) |
|
| Average Industry Turnover Rate | Average industry turnover rate as sourced from Australian Bureau of Statistics Job Mobility Data as per February 2026. Turnover rate is defined as voluntary turnover rates. (https://wwww.abs.gov.au/statistics/labour/jobs/job-mobility/latest-release). | |
| Cost to replace an employee | 30% | Cost to Replace: Industry research shows it costs at least 6-9 months of an employee's average salary to replace (30%), with Gallup reporting 40-200% depending on role. https://www.gallup.com/workplace/646538/employee-turnover-preventable-often-ignored.aspx Research published by the Australian HR Institute (AHRI) in April 2026 found that Australian employers estimate the average cost of replacing an employee at approximately $28,500. Employee replacement costs may include recruitment, onboarding, training, management time and lost productivity. Actual costs vary by role, industry and seniority. This calculator uses 30% of annual salary as an illustrative modeling assumption which is reflected in the industry average FTE salary. |
| Reduction in turnover (impact of recognition & appreciation) | 10% | Research published by Bersin by Deloitte found that companies with effective recognition and appreciation programs experience a 31% lower voluntary turnover rate. Using a conservative baselined of 10%. |
| Revenue Generated Factor per Employee | 0.25 | General business economics. Companies need to generate at least 2-3x the salary of an employee to cover salary, overhead, benefits, and profit. |
| Minimum Boost in Productivity | 0.50% | The Haas School of Business, UC Berkeley found that people who are recognised are 23% more effective and productive. Using a conservative minimum boost estimate of 0.5%. |
| Average Absenteeism Rate % (AUS) | 2.40% | Research from AHRI's Quarterly Work Outlook Report - Decemeber 2025 shows an average 6 days of absenteeism or 2.40% equivalent rate for FTE. This remains unchanged from the previous two surveys conducted during the same period in 2023 and 2024. (https://www.ahri.com.au/wp-content/uploads/AHRI-WorkOutlook-Report-2025-Q4_digital.pdf) |
| Reduction % in Absenteeism from Recognition | 3.0% |
Based on Gallup's State of the Global Workplace 2024 report, recognition or praise for doing good work can lead to 27% reduction in absenteeism amongst other significant statistics. |
| Improvement in eNPS | 10% | For every 10-point increase in eNPS, a reduction in employee turnover of approximately 10-15% can be expected. This scales to a potential reduction of up to 70% when achieving a positive eNPS of 20 or higher, reflecting the findings from Bain & Company. |
| Time saved in HR admin | avg 6 hours - 30 hours per week | The monetary saving can be calculated by multiplying the hours saved by the fully burdened hourly rate of the HR employee (salary, benefits, taxes, etc.) The typical fully burdened cost of an employee with a £37,500 salary is approximately £44,000 to over £60,000 annually A 9-5 employee on an annual salary of £37,500 generally gets an hourly rate of between £16.92 and £18.04 per hour, depending on the number of hours worked per week and annual leave. The hourly cost to an employer for an employee on an annual "unburdened" (gross) salary of £37,500 is approximately £22.06 per hour |