Some well-being programs focus on participation and healthcare costs to measure success. But at Limeade, we believe that’s just one small piece of the puzzle.
Participation can prove completion of activities or achieving milestones, but what’s missing is how the program impacts the employee experience, which ultimately can define an employee’s level of commitment and whether they plan to stay at or leave a job. It’s time to focus on how your well-being program impacts engagement, retention and the overall employee experience — and rethink the same old success metrics.
Turnover and disengagement are costing your company — and the employee experience.
Let’s look at the facts:
- Turnover costs businesses up to 213% of annual salary for highly skilled employees
- Companies with high engagement are 78% more profitable and 40% more productive
- In 2018 alone, it’s estimated that 42 million people, or one in four, left jobs