What's The Cost of Doing Nothing?
The Blanchard Cost-of-Doing Nothing Calculator is designed to help you quantify the costs of neglecting employee turnover, customer satisfaction,
and productivity in your organization.
By answering a few simple questions and following a quick 3-step process you can identify some of the costs associated with not addressing key areas in your business. Let's start with Employee Turnover costs.
Now, let's find out what less than optimal Customer Satisfaction might be costing you.
Finally, we need to calculate your Employee Productivity costs. Click on NEXT to see your results.
By improving leadership that decreases employee turnover and increases productivity and customer satisfaction, Blanchard can help you save annually. Contact Blanchard now at +1 760 489 5005 to find out how we can help you start saving today.
Sometimes, taking no action is the most expensive option of all.
What's your cost of doing nothing? Use our calculator to find out.
The Cost of Doing Nothing Calculator
- Employee Turnover
- Customer Satisfaction
- Employee Productivity
Step 1 of 3 - Employee Turnover
Employee turnover drains your organization of time, money, and talent. It costs employers 30-100% of base salary (depending on skill level and market conditions) to replace experienced employees. Start calculating your overall "cost-of-doing-nothing" by answering the three questions below:
Step 2 of 3 - Customer Satisfaction
According to research published in the Harvard Business Review every 1.3% increase in Customer Satisfaction scores = .5% increase in sales. What is your current customer satisfaction score and how is it impacting your bottom line? To find out, answer these three questions:
Step 3 of 3 - Employee Productivity
Are your employees as productive as they could be? Most organizations that Blanchard works with initially estimate that their organizations are operating at 70% of their potential. What is underdeveloped potential costing your organization? Answer these three final questions to find out.
Your Total Cost of Doing Nothing
Your Projected Savings
- $0 in Employee Turnover According to the Saratoga Institute, poor management practices account for at least 9% (and possibly as much as 33%) of the Employee Turnover in organizations. Your potential savings were calculated by multiplying your estimated turnover costs by the 9% that could be saved with better leadership practices.
- $0 in Customer Satisfaction According to research published in the Harvard Business Review every 1.3% increase in Customer Satisfaction scores equals a .5% increase in sales. Your sales increase was calculated by multiplying your current annual sales by the 1.46% increase that could be achieved with better leadership practices.
- $0 in Employee Productivity A 2005 client impact study of 300 managers and 1,200 employees indicated a 5-12% increase in Employee Productivity following a Blanchard leadership initiative. Your sales increase was calculated by multiplying your current annual sales by the 5% increase that could be achieved with better leadership practices.
* All figures are based on general estimates. Contact Blanchard to learn more about the individual results you can expect. © 2009 The Ken Blanchard Companies.