Wellbeing brings such strong value on investment (VOI)
When employees feel encouraged to reach their potential and supported to lead a healthy lifestyle, they tend to be happier, perform better and stick around longer.
Calculate Your Saving Potential
6,538,461
Your estimated potential costs due to absenteeism, employee turnover and healthcare per 1 year
392,307
Your total estimated potential saving with VIWELL per 1 year
32
Monthly saving per employee
Average Annual Salary
Annual Heathcare Cost per Employee
Annual Average Number of Sick Days Per Employee
Number of Employees
Staff Turnover Rate 10%
Cost of Replacing an Employee: 50% of Annual Salary
Percentage of Employees Engaged with VIWELL App: 40%
Calculation Period: 1 year
* Globally, employees take an average of 8 sick days per year. According to the WHO, organizations that invest in wellbeing should expect to see a 27% reduction in sick leave, a 26% reduction in healthcare costs over a few years. VIWELL have calculated a conservative annual figure by dividing the WHO indicator over 5 years.
Highly engaged teams show
21%
greater profitabilityEmployee engagement and productivity
Employee engagement is the commitment and connection employees feel toward their work, team, and organisation.
With only 20% of global workers engaged in their careers, the result is high absenteeism and turnover, and low productivity.
Employee satisfaction and retention in a given year can predict the following year’s profitability and level of customer satisfaction.
Absenteeism
The global average for sick leave is eight days per employee per year. With stress and depression being leading causes of absenteeism, a comprehensive wellbeing program can do a lot to help.
According to the World Health Organisation (WHO), organisations that invest in wellbeing can expect a 27% reduction in sick leave and a 26% reduction in healthcare costs in just a few years.
75%
of medical costs accrued mostly due to preventable conditions
$322 billion
of turnover and lost productivity cost globally due to employee burnoutTalent attraction and retention
53% of employees are more likely to prioritise health and wellbeing over work than they were before the pandemic. For this reason, employees are holding their workplaces accountable for delivering on their wellbeing promises.
People are choosing employers that will help them prioritise their physical and mental health, and leaving the ones that don’t.
Not only may you be missing out on new top talent, the cost of recruiting, training and induction of replacements often doesn’t factor in the time needed for an employee to reach the productivity level of their predecessor.