The document discusses the importance of employee satisfaction and productivity. It notes that financial incentives alone are not enough, and that nearly 70% of employees are disengaged, costing $500 billion annually. It then examines employee productivity data from an Indian bank and how a 5% increase in productivity could significantly impact business. Various factors that impact employee satisfaction are discussed, like health & wellness programs, social connections, vacations, and team building. Estimated costs of individually investing in these factors is around $8,000 annually per employee. In contrast, a country club membership providing similar benefits would cost half at $3,000 initially and be fully paid off after 2 years, resulting in 75-100% savings per employee.

1. ARE YOUR
EMPLOYEES
HAPPY?

2. Studies show that Financial
incentives aren't enough to
make for highly productive
employees.

3. employee satisfaction rose 37% as a result of
initiatives—suggesting that financial incentives
aren't enough to make for highly productive
employees.
At Google,

4. WHAT’S THE
COST OF
HIGH
ATTRITION
RATE
?

5. Nearly 70 % of employees were not actively
engaged in their work. These employees cost
employers approximately $500 billion in lost
work, money, and time every year.
This isn’t just affecting large companies – small
companies and start-ups can acutely feel the
effects of disengaged employees.
Gallup’s state of the
American workplace
report for 2012 cited
a disturbing trend in
the workforce.

6. LET’S LOOK AT
UNITED BANK OF INDIA
EMPLOYEE PRODUCTIVITY

7. Total Business (in Crore) : 187813
Total Employees : 14981
Business per Employee (in Crore) : 12.37
DID YOU KNOW ?
So assuming there is a
5% increase in
employee productivity,
the business per
employee can jump
62 lakhs per year
*SOURCE: AUDITED ANNUAL REPORT BOB
UNITED BANK OF INDIA

8. Let us look at
the various
factors that
help in
increasing
employee
satisfaction,
effectiveness
and reducing
attrition

9. J&J’s leaders estimate that
wellness programs have
cumulatively saved the
company $250 million on
health care costs over the
past decade; from 2002 to
2008, the return was $2.71
for every dollar spent.
HEALTH FACTOR

10. A recent study by
economists at the University
of Warwick found that
Employees who were socially
more active , were happier
and it led to 12 % spike in
productivity, while unhappy
workers proved 10% less
productive.
Social Connect

11. In 2006, the accounting
firm Ernst & Young did an
internal study of its
employees and found that
for each additional 10 hours
of vacation employees
took, their year end
performance ratings from
supervisors (on a scale of
one to five) improved by
8%.
VACATIONS

12. The main goal of team-building
is to improve productivity and
motivation.. Experiential
activities are a proven tool to
help your people.
Team Building

14. LETS TAKE A
MINIMUM
APPROXIMATE
ANNUAL COST
FOR
INCREASING
EMPLOYEE
PRODUCTIVITY

15. Health & Fitness : Rs 65000- Rs 80,000/- (couple)
Social Outings and Special Occasions : Rs. 2,00,000/- (Family of 4)
Vacations (Domestic vacations 3-4,Family of 4) Rs. 2,50,000/-
Events : (2 -3 events, family of 4 ) Rs. 50,000/-
Total : Rs.5,80,000/-

16. Lets compare the cost on employee
investments individually and a Country Club
membership
COUNTRY CLUB MEMBERSHIP AT HALF THE
COST OF INVESTMENT IN EACH EMPLOYEE
AND YET DOUBLE THE PRODUCTIVITY

17. Lets take a minimum
approximate annual cost
for increasing employee
productivity

18. HEALTH & FITNESS RS 65000 - RS 80,000/-
(COUPLE)
FREE
FULL FAMILY
SOCIAL OUTINGS
Rs. 2,00,000/- (Family of 4)
Vacations
(Domestic vacations 3-4,Family of
Cost effective vacations at the
best tourist destinations
Rs. 2,50,000/-
(2 -3 events, family of 4 )
Rs. 50,000/-
Rs.5,80,000/- Annually
Free entry to all numerous
events/ festivals FULL FAMILY
Rs 1,50,000/- Lifetime
Unlimited
FULL FAMILY
EVENTS
TOTAL
Country Club
Rs.5,80,000/-Annually
Rs1,50,000/-Lifetime
1 L
2 L
3 L
4 L
5 L
6 L

19. SAVINGS TO YOUR COMPANY
§ Approximate Savings : Rs 4,30,000/-
per employee per year.
§ Nearly 75% savings on each employee
in the first year. From the 2nd year
nearly100% savings
1st Year
75% Save
2nd Year
100% Save

20. TO CONCLUDE
SMART COMPANIES RECOGINZE
THEIR EMPLOYEES AS THEIR
GREATEST ADVANTAGE.