Calculate how much your culture costs or contributes to the bottom line

By: Kris Boesch Monday June 22, 2015 0 comments Tags: Kris Boesch

 

By Kris Boesch

Choose People

Take 3 seconds and plug these 3 numbers into our new “Ballpark Calculator” - http://choosepeople.com/boost-your-bottom-line/Kris_Boesch_Blog_Photo

1 – Number of employees

2 – Average salary amount per employee

3 – On a scale of 1-10, how happy* do you think your employees are?

You will discover a ballpark estimate of:

  • How much your happy employees contribute
  • How much your unhappy employees cost
  • The overall financial impact of your culture to your bottom line
  • And how much more you could be adding to the bottom line if your “average” employees were happy

 

*Happy is defined by the response to “Do you feel good about coming to work?” Another way to think about measuring happiness is measuring the overall emotional health of your organization. And I understand you may have some outliers – lovers and haters, and occasionally it may depend on the day, but overall what is your take? And know that if you’re in a position of leadership you will likely answer this question one to two points above your team.

Kris Boesch

About the Author: Kris Boesch

Kris Boesch is CEO and founder of Choose People, a company that transforms company cultures, increases employee happiness and boosts the bottom-line. The Choose People 360° Culture Audit is based on over 1,000 hours of research Boesch conducted with a team of doctoral students in the Industrial Organizational Psychology Department at Colorado State University.  Prior to Choose People, Boesch was the CEO of Exodus Moving & Storage.  Under her leadership, Exodus became the largest mover in Northern Colorado with a turnover rate nearly 40% less than the industry average and a bottom line twice that same average.