Employee benefits provider, Personal Group, has launched a calculation tool to help employers evaluate the return on investment (ROI) from implementing an employee services programme. The Employee Benefit ROI Calculator uses information from the user to create a potential savings figure.
Where particular pieces of information are not available, the tool will provide default UK average data. The more company-specific the data put in, for example, on employee absence and attrition, the more accurate the ROI figure produced by the calculator. Personal Group has also condensed their findings on ROI into an infographic on the business benefits of employee benefits.
Mark Scanlon, chief executive of the company said:
‘With total pay falling in real terms, employers and employees up and down the country are feeling the squeeze. Employee benefits are no longer just an HR focus, they’re a business imperative.’