Investing in I-O Psychology is an investment in your organization's bottom line. While every organization's situation is unique, our clients typically see substantial cost savings and a significant return on investment through:
Reduced Turnover Costs: By improving selection and retention, organizations can save an average of 1.5 to 2 times an employee's annual salary per avoided departure (including recruitment, onboarding, and lost productivity costs).Â
For a company with 100 employees and an average salary of $60,000, reducing turnover by just 5% could yield annual savings of $450,000 to $600,000.
Increased Productivity: Optimizing performance and engagement can lead to productivity gains of 10-25%, directly translating to higher output and revenue.
Lower Training & Development Expenses: Targeted, evidence-based training programs ensure resources are spent effectively, maximizing learning transfer and minimizing wasted investment.
Fewer Litigation Risks: Developing fair and legally defensible HR systems reduces the risk of costly lawsuits related to hiring, promotion, or termination practices.
Enhanced Innovation & Market Responsiveness: A highly engaged and well-managed workforce is more innovative and quicker to adapt to market changes, driving long-term revenue growth and competitive advantage.
Partner with BlissPoint Consulting to unlock the full potential of your people, transform your organizational effectiveness, and secure a sustainable path to growth and success.