ROI Calculator.

We recognise the need for quantifying ROI (return on investment) and ROT (return on time) to demonstrate the value of implementing a new solution. We work with our clients to create examples of savings that can be achieved using Cognito. By investing in our solution to drive employee development, productivity and engagement – we can save businesses time and money. Try out our calculator to see how much you could save!

Cognito Calc Form

Productivity Hours

Calculate the number of productivity hours you could save by eliminating ongoing refresher training with Cognito Develop.


Cost of lost productivity hours

Lost productivity hours, due to ongoing refresher training, result in a sunk cost to businesses. You can eliminate this with Cognito Develop.


£
£
£
£

Staff attrition costs

Calculate what staff attrition is costing your company and what you could save using Cognito Connect.


£
£

Absenteeism

Calculate the cost of absenteeism to your business and the savings that could be made using Cognito Connect.


£
£

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How do we calculate the saving on productivity hours?
This is based on a standard scenario where a company has an initial training session and then subsequent refresher training throughout the year.  We then measure this against the hours that could be saved through Cognito’s Develop solution, by having an initial training session only and then ongoing daily questions which fit into the flow of work, taking less than 2 minutes per day. The additional benefit of using Cognito Develop is that spaced repetition is used across these daily questions to ensure that knowledge is retained (only 22% of training knowledge is retained without reinforcement). We also have another option to save productivity hours whereby we can provide an assessment at the end of the employee onboarding period – and only those people who do not pass would qualify for Cognito Develop.
*These calculations are meant to be an indicator only. We work with our customers to create specific ROI models based on their individual scenarios.
How do we calculate the cost of lost productivity hours?
The cost of lost productivity hours is the average employee hourly rate invested in ongoing refresher training which is taking them away from their primary job role. We calculate this by taking the average hourly rate, i.e. average annual salary / 2,080 – (the number of working hours in the UK based on a 40-hour working week). The savings using Cognito’s Develop solution total up to 80% of the current investment in training.
*These calculations are meant to be an indicator only. We work with our customers to create specific ROI models based on their individual scenarios.
How do we calculate staff attrition costs?
For every staff member that leaves within the first year – and earns over £25,000 per annum – costs a company £30,614. This is based on a study by Oxford Economics and Unum. The attrition cost per employee takes into account hiring costs, onboarding, training and the loss in productivity hours getting a new hire up to speed (the same study suggests this is a period of 28 weeks). The final calculation of saving in staff attrition costs with Cognito is based on our own research that we have reduced attrition rates by 36% across the board.
*These calculations are meant to be an indicator only. We work with our customers to create specific ROI models based on their individual scenarios.
How do we calculate your absenteeism costs?
We calculate this by taking the average annual salary and dividing it by 252 (the number of UK working days) x the number of absenteeism days. By using Cognito Connect, you will be giving staff a chance to feedback on their career experience and well-being and have any issues flagged and acted upon, which helps decrease disengagement and workplace-related mental health issues. A Gallup study found that businesses with high employee engagement saw up to an 81% decrease in absenteeism.
 
 
*These calculations are meant to be an indicator only. We work with our customers to create specific ROI models based on their individual scenarios.
 
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