How many participants (mentees and mentors) will be part of the program? Insert the number of participants (mentees and mentors) in your program.

What is your average employee salary? Insert your average employee salary. The average Australian wage is $90,000. Source

What is your average employee turnover rate? Insert your average annual company turnover rate. On average, most companies have a turnover rate of around 20%.

What is your average cost of employee salary turnover? The cost of replacing an employee is estimated at 1.5x their salary. Our conservative estimate is 75% of their salary. Source

Turnover reduction due to mentoring A Sun Microsystems study found retention rates averaged 70% for mentoring participants vs 49% for non-participants. We've set this to 30% as a benchmark. Source

Cost of employee turnover (without mentoring) Number of participants × turnover rate × cost of turnover (% of salary).

Cost of employee turnover (with mentoring) Same formula as above, factoring in the reduction in turnover from mentoring.

Retention savings Cost of turnover without mentoring minus cost of turnover with mentoring.

Cost of actively disengaged employee Estimated at 34% of the employee's salary. Source

Estimated number of users who are actively disengaged (prior to doing our program) Number of participants × 17.2% — the average share of an organisation's workforce that is actively disengaged, per Gallup research.

Cost of employee disengagement Estimated number of disengaged participants × cost of a disengaged employee per year.

Engagement savings To stay conservative, we assume mentoring converts 50% of disengaged people to engaged. Formula: cost of disengagement × 50%.