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

According to the WHO, organizations who invest in wellbeing should expect to see 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.

Annual Heathcare Cost per Employee

This varies according to location, industry and company size, According to the WHO, organizations who invest in wellbeing should expect to see a 27% reduction in sick leave, VIWELL have calculated a conservative annual figure by dividing the WHO indicator over 5 years. VIWELL have selected 8 sick days per year as an indication only. You may edit the number to reflect your organization.

Annual Average Number of Sick Days Per Employee

Number of Employees

This varies according to locations, industry and company size, according to Gallup 10% turnover is healthy but some industries goes as high as 40%

Staff Turnover Rate 10%

Research by the society for human resource management (SHRM) suggests that replacement costs can be as high as 50%-60% with overall costs ranging anywhere from 90%-200%. Example: If an employee makes $60,000 per year then it costs an average of $30,000 - $45,000 just to replace that employee and roughly $54,000 - $120,000 in overall losses to the company.

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 profitability

Employee 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 burnout

Talent 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.
Absence per 1 years 8,000
Lose from reduced absenteeism Now $1,538,461.00
Lose from reduced healthcare costs Now $2,500,000.00
Lose from reduced staff turnover Now $3,000,000.00

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HR professionals understand the importance of having the right wellbeing program in place, but other company decision-makers may need more information to justify the investment.
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