What is Cost of Disengagement?
The cost of employee disengagement refers to the financial and non-financial losses that organizations incur when employees are not fully engaged or committed to their work. Disengaged employees may be less productive, less innovative, less customer-focused, and more likely to miss work or leave the company. Some of the costs associated with employee disengagement include decreased revenue, increased absenteeism, higher turnover rates, reduced customer satisfaction, and decreased morale among remaining employees. Overall, the cost of employee disengagement can be significant and can have a negative impact on an organization's bottom line.
Use this calculator to plug in your own data on the cost of disengagement
That's a big cost per year!
Headcount
Disengagement Rate
Disengagement Rate
= 196
Median Annual Salary
Cohotz % cost of disengagement
Annual cost per disengaged employee
= 408,000
What is Cost of Attrition?
The cost of attrition can be calculated by adding up the costs associated with recruiting, hiring, and training a new employee, as well as the cost of lost productivity during the transition period. Additionally, there may be indirect costs associated with the loss of institutional knowledge and the impact on team morale. According to SHRM, attrition cost ranges between 50% to 250% of the employee salary depending on the expertise.
Plug in your unique salary and find out your Cost of Attrition
TECHNICAL/LEADER-LEVEL EMPLOYEE
COST TO REPLACE EACH EMPLOYEE
₹ 3,000,000
ENTRY-LEVEL EMPLOYEE
COST TO REPLACE EACH EMPLOYEE
₹ 200,000
How Cohotz can help
Cohotz can help increase employee engagement by assisting organizations in analyzing, monitoring, and enhancing their underlying organizational culture. When employees are highly engaged, they are less likely to leave.
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