Average cost per hire

The average cost-per-hire is $4,700, though this can range between $3,000 and $20,000 depending on the industry and position level.

Source: Society for Human Resource Management (SHRM), "Human Capital Benchmarking Report" (2022)

Employee turnover costs

The cost of replacing an employee typically ranges from 30% to 200% of their annual salary, with an average of about 33% for most positions.

Source: Work Institute's 2020 Retention Report; Gallup, "The Cost of Replacing an Employee" (2023)

Identity theft resolution time

Victims of identity theft spend an average of 6 hours resolving each incident, with severe cases requiring 200+ hours.

Source: Federal Trade Commission (FTC), "Consumer Sentinel Network Data Book" (2023); Identity Theft Resource Center, "Aftermath Report" (2021)

Virtual healthcare time savings

Virtual healthcare visits save patients an average of 100 minutes per appointment compared to in-person visits (including travel and wait time).

Source: Journal of Medical Internet Research, "Patient Time Costs Associated with Sensor-Based Remote Monitoring" (2021); American Medical Association, "Telehealth Impact Study" (2022)

Wellness program impact on productivity

Companies with comprehensive wellness programs experienced a 3-6% increase in employee productivity and reduced absenteeism.

Source: Harvard Business Review, "What's the Hard Return on Employee Wellness Programs" (2020); RAND Corporation, "Workplace Wellness Programs Study" (2021)

Value of reduced absenteeism

Employees enrolled in wellness programs are absent 27% less than their colleagues who aren't enrolled, resulting in significant cost savings.

Source: Journal of Occupational and Environmental Medicine, "The Relationship Between Modifiable Health Risk Factors and Medical Expenditures" (2022)

Impact of benefits on employee retention

78% of employees reported they are more likely to stay with their employer because of their benefits program, and 86% of employees with high benefits satisfaction report high job satisfaction.

Source: MetLife, "Employee Benefit Trends Study" (2023); Willis Towers Watson, "Global Benefits Attitudes Survey" (2022)

Virtual appointments efficiency

Employees who utilize virtual appointments for healthcare needs miss 2-4 fewer hours of work per appointment compared to traditional in-person visits.

Source: Teladoc Health, "ROI of Virtual Care" (2023); American Journal of Managed Care, "The Economic Benefits of Virtual Care" (2021)

Financial wellness program benefits

Employees with access to financial wellness tools report 28% less financial stress and spend 15 fewer minutes per day distracted by financial worries.

Source: PwC, "Employee Financial Wellness Survey" (2023); Financial Health Network, "Workplace Financial Health Measurement" (2022)

Recruitment time savings

Companies with strong benefits packages report 26% faster time-to-hire and receive 29% more applications per job posting.

Source: LinkedIn, "Global Talent Trends" (2023); Glassdoor, "Employee Benefits Survey" (2022)