R.O.I.
Hard Facts About Personal Development
The uneducated company believes personal development is a soft skill, not only optional but unimportant to the bottom line of doing business.
The Real Cost of Stress
Stress and overwhelm cost organizations time and resources which hit the bottom line…. hard. See this scenario for the ROI your company could receive with one year of quarterly stress management training…
Company
Number of employees in organization: 100
Average hourly wage: $25.00
Threat
Annual costs of stress per employee (1): $7,500
Costs
Cost of four 2.5 hr training sessions per employee including lost time: $450
| Percent Reduction in stress-related costs |
ROI |
| 15% |
ROI = (Benefits/Cost) - 1=($1,125/$450)-1 |
150.0% |
| 20% |
ROI = (Benefits/Cost) - 1=($1,500/$450)-1 |
233.3% |
| 30% |
ROI = (Benefits/Cost) - 1=($2,250/$450)-1 |
400.0% |
| (1) Center for Disease Control & National Institute for Occupational Safety and Health |
You can see that a 15% reduction in stress would give you 150% return on your investment in training, while 20 % would give you
an unbelievable 233.3%!
The Real Cost of Careless Words
Being aware of the power of words is a hallmark of the mindful company. Let’s look at just one example of the price paid when words are used thoughtlessly.
Other costs to you, not included below, come from reduced productivity, lowered morale, retention problems and absenteeism.
What if this was your company…
Company
Number of employees in organization: 100
Average hourly wage: $25.00
Threat
Annual costs of defending a sexual harassment lawsuit (2): $350,000
Cost per employee assuming a lawsuit defense every three years: $1,166.67
Costs
Cost of one training 2.5 hr. sessions per employee including lost time: $102.50
| Percent Reduction in sexual harassment costs |
ROI |
| 15% |
ROI = (Benefits/Cost) - 1=($175.00/$102.50)-1 |
70.7% |
| 20% |
ROI = (Benefits/Cost) - 1=($233.33/$102.50)-1 |
127.6% |
| 30% |
ROI = (Benefits/Cost) - 1=($350.00/$102.50)-1 |
241.5% |
| (2) http://wwwpictuality.com/corporations.htm |
Here we see that a 15% reduction in sexual harassment suits would give you 70.7% return on your training investment, while 20% would give you 127.6%!
Focusing on people skills and personal skills can save your bottom line…but only if you do it.
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