Return on Investment

Tracking Return on Investment (ROI) is important to  some of Triskele's clients.  Many discussions around workplace health and wellness programs are limited in that the primary focus is often reduced medical costs.  In contrast, Triskele's comprehensive systems perspective can provide insight into where significant ROI can be expected, as a result of the improved health of both the business and its employees.

 

The whole ecosystem health services we provide and facilitate all have demonstrated track records of solid return on investment.  To understand more of our vision and ROI tracking metrics, download "The Relationship Between Whole Ecosystem Health and Optimizing Business Performance". At the onset of a project, Triskele works with you and your team to target desired ROI for your organization. For studies demonstrating the expected ROI in various areas, please see the links below.

 

Employee Wellness Programs –  ROI 6:1

Reference: Baicker, K., Cutler, D., and Song, Z. (2010). "Workplace Wellness Programs Can Generate Savings". Health Affairs.

 

Emotional Wellness Programs  –  ROI 116:1 to 240:1

Reference:  Cherniss, C. and D. Goleman, eds. (2001) “The Emotionally Intelligent Workplace: How to Select for, Measure, and Improve Emotional Intelligence in Individuals, Groups and Organizations”. San Francisco, CA: Jossey-Bass/Wiley, © Jossey-Bass and Lyle Spencer.

 

Employee Engagement ProgramsROI in multiple areas:

  • 300% increase in operating margin
  • 40% reduction in turnover
  • 20% increase in sales
  • 18% increase in productivity measures
  • improved customer service & innovation

Reference:  Employee Engagement Task Force “Nailing the Evidence” workgroup, University of Bath School of Management, Bruce Rayton.  Global review of engagement evidence and research.

 

Ergonomics Improvement Programs – ROI 18:1

Reference: Goggins, R., Spielholz, P., & Nothstein, G. (2008). “Estimating the effectiveness of ergonomics interventions through case studies: Implications for predictive cost-benefit analysis”, Journal of Safety Research. 39(3): 339–344.

 

Industrial Hygiene  - ROI 5:1

References: “Investment in Workplace Safety Triggers Positive Bottom Line Results for Businesses, Economy, Safety Official Notes",  American Society of Safety Engineers.

"White Paper Addressing the Return on Investment for Safety, Health, and Environmental Management Programs", American Society of Safety Engineers.

 

Process Improvement, Efficiency, Lean Technology – wide ROI range: 30-900% improvements are well documented.

References: Lean Thinking: Banish Waste and Create Wealth in Your Corporation by J. Womack & D. Jones, ©1996, Simon & Schuster.

“Measuring Lean Benefits using Radio Frequency Identification (RFID) technology: An eFast Teo White Paper” G. Sunlop, Innovation in Business Centre, Galway-Mayo Institute of Technology, Ireland.

 

Leadership & Management Effectiveness – ROI  2:1 to 11:1

Reference: “Measuring ROI in Human Resources; Calculating the ROI on HR Programs”, ROI Institute, Jack Phillips, PhD.

 

Print Print | Sitemap
© Triskele Collaborative