Employee retention strategies is a priority and focus for HR Managers, executives, and business owners. Deciding what to include to increase employee engagement and reduce turnover is a challenge. It’s also difficult to find an activity or benefit to meet the needs of the majority of your work force. However, the research shared by Limeade can help narrow down the focus to one thing employees clearly want.
According to a survey conducted by Limeade and Quantum Workforce employees want stress relief. “While more than 71% of employees desire stress relief breaks such as meditation, massages or required breaks, only 28% of employers provided them.”
Best Companies To Work For Include Massage Therapy Programs As Part Of Their Employee Retention Strategies
While only 28% of employers provide stress relief breaks, 60% of the companies listed in the Fortune 100 Best Companies To Work For 2017 list massage therapy as a work perk. These companies definitely recognize the value of corporate massage as an important part of their employee retention strategies.
- #1 Google
- #6 Greentech
- #7 Ultimate Software
- #8 Salesforce
- #9 Acuity
- #10 Quicken Loans
- #13 Intuit
- #15 SAS
- #16 Burns & McDonnell
- #17 Capital One
- #18 Workday
- #20 CHG Healthcare
- #22 Camden Property Trust
- #23 PwC
- #25 Cooley
- #27 Veterans United Home Loans
- #28 REI
- #34 Pinnacle Financial Partners
- #35 USAA
- #36 St. Jude Children’s Research Hospital
- #37 NuStar Energy
- #38 ARI
- #39 NVIDIA
- #40 World Wide Technology
- #42 VMware Inc.
- #43 Credit Acceptance Corporation
- #45 Scripps Health
- #46 Atlantic Health System
- #47 Navy Federal Credit Union
- #48 The Cheesecake Factory
- #49 The Container Store
- #50 MARS Incorporated
- #51 Plante and Moran, PLLC
- #54 Nationwide
- #56 Children’s Healthcare of Atlanta
- #58 Whole Foods Market
- #59 SAP America
- #60 Adobe Systems Incorporated
- #61 Southern Ohio Medical Center
- #63 Delta Airlines, Inc.
- #65 Alston and Bird, LLP
- #66 Activision Blizzard, Inc.
- #67 Cisco
- #69 American Express
- #70 Roche Diagnostics
- #71 Autodesk Inc.
- #74 Rackspace
- #75 Hyland
- #76 Build A Bear Workshop
- #81 Cadence
- #82 First American Financial Corporation
- #84 Mayo Clinic
- #85 Regeneron Pharmaceuticals
- #86 Ohio Health
- #88 Accenture
- #89 American Fidelity Assurance Company
- #90 Bright Horizons Family Solutions
- #95 Baker Donelson
- #96 Orrick, Herrington, & Sutcliffe, LLP
- #97 Baptist Health South Florida
- #98 PCL Construction
- #100 Allianz Life Insurance Company of North America
Benefits of Chair Massage At Work
The Mayo Clinic states “Studies of the benefits of massage demonstrates that it is an effective treatment for reducing stress, pain and muscle tension.” Chair massage is known to:
- Lower blood pressure
- Reduce muscle tension
- Reduce headaches
- Reduce repetitive motion syndromes
- Increase range of motion
- Improve sleep
- Reduce anxiety
- Reduce stress
Calculating The Cost of Employee Retention Strategies
Prior to implementing new employee retention strategies, leadership wants to know how much it’s going to cost and most importantly what is the ROI?
How Much Does Corporate Chair Massage Cost
Corporate chair massage cost averages anywhere from $70 to $100 per hour. This cost is determined by the geographic location of your company. Obviously pricing is going to be higher in a larger city like New York City than a smaller city. Cost is also determined by the number of hours the company is committing to. These hours can be within one event or a commitment to several hours by offering chair massage on a frequent basis. We are here to help you with your chair massage needs. We can develop a customized chair massage proposal for your corporate employee retention strategies and corporate wellness programs.
What Is The ROI On Corporate Chair Massage As One Of The Employee Retention Strategies
To calculate the ROI, take into consideration the cost of employee turnover, reduction in healthcare costs, and the increase in customer satisfaction and revenue. More companies are leaning towards calculating their ROI by measuring turnover, employee engagement, and revenue increases.
ROI Approach #1: Corporate Wellness Programs ROI Calculation
Corporate wellness programs ROI is calculated anywhere from three to five times the investment spent. In this calculation, take the cost of the massage and multiply it by four to calculate the return on investment.
$70 per hour of massage x 4 = ROI 0f $280 per hour of massage
ROI Approach #2: Decrease In Employee Turnover and Sick Time
Let’s look at ROI using reduction in employee turnover and sick time. Limeade analyzed nearly 2000 responses and found when provided stress relief employees are 13.8% more engaged. Using this calculation, we can focus on the ROI for just one of the employee’s receiving chair massage.
Cost to replace one employee is three to six months times their salary. For one employee earning $60,000 per year, it costs $20,000 to $30,000 to replace that employee. Using the calculation we can reduce the risk of turnover of this employee by 13.8% with chair massage, the ROI is this savings less the cost of massage:
Employee Turnover Savings:
$25,000 turnover cost x 13.8 = $3,450 savings
Employee Absenteeism Savings:
$60,000 x 1.3 (30% employer costs) divided by 240 working days = $325 savings
ROI Approach #3: Increase In Customer Satisfaction And Revenue
Happy employee means happy customers. Remember the list of companies above offering corporate massage as a work perk to their employees? According to USA Today, “Publicly traded companies in the Fortune 100 Best Companies to Work For list have gained an average 10.8% a year since 1998, according to the Russell Investment Group.”
10.8 x Revenue Per Employee = Increase In Revenue
Calculating True Chair Massage Cost Per Employee
Chair Massage Cost:
Cost Of Massage – Turnover Savings – Absenteeism Savings – Revenue Increase
Chair Massage Is A Win-Win For Employee Retention Strategies
Chair massage is a service employees want, offers health and productivity benefits impacting both the employee and the company, the best companies to work for include in their employee retention strategies, and provides a definite ROI.
How To Design A Chair Massage Program To Include In Your Employee Retention Strategies
As you begin to implement chair massage within your organization, take into consideration frequency, location, and scheduling.
Determining Frequency Of Chair Massage
Chair massage frequency varies by company and employee needs. Frequency varies anywhere from weekly to annually. To fully gain the benefits as outlined above, the recommended frequency is twice a month or monthly. However, quarterly and annually is beneficial as well.
Determining The Location For Chair Massage
Many companies offer chair massage within a small conference room or an office. If including in an event, within the floor plan of the event is also popular.
Chair Massage Scheduling
Companies schedule chair massage using a posted paper schedule, an online scheduler, or a walk-in basis. The best approach depends upon the size of your company and how chair massage is incorporated into your employee retention strategies.
Chair Massage Proposal
We help companies make these decisions. We are available to discuss your chair massage needs and brainstorm the best approach for your company. Contact us to begin offering chair massage to your employees.