Assumptions: A total of 12 work outcome factors are included in the PFEEF projected ROI calculation. This calculator makes reasonable and conservative assumptions about these factors based upon industry and employer-specific data as well as empirical research.

For a more precise ROI: For a precise employer-specific projected ROI based on your company data (at no cost to the employer), please contact PFEEF at info@pfeef.org.

1. Turnover and retraining costs
   This figure for lower annual turnover costs for the employer reflects the reduction in the number of employees who otherwise would have left the employer. The turnover cost savings is based on the percentage of seriously financially distressed employees for whom the program has an impact substantial enough to prevent them from leaving. The calculation uses national cost figures and a conservative rate for annual turnover. This cost figure may be modified.
2. Health care costs
   This figure represents the employer’s reduced health care premium costs for the year following the delivery of the financial education program. It is based on the small percentage of employees who will reduce health care costs due to improvement in their personal financial behaviors. This cost figure may be modified.
3. Absenteeism
   This figure represents reduced employer costs due to unscheduled absenteeism, which is typically 2 or fewer days per year. The calculations vary according to the financial wellness of the employees as well as the number who are seriously impacted in a positive manner by the financial education program. The calculation uses national cost figures.
4. Average Personal Financial Wellness (PFW) score
   The PFW is a self-administered 8-item questionnaire that in 3 to 4 minutes validly and reliably measures one’s personal financial health. National surveys show that the average mean score is 5.7 on a 10-point scale for the general population of working adults. Thirty percent of the people scored between 1 and 4 while 42% scored between 7 and 10 and 28% were at 5 and 6 on the continuum. Many employer’s employees average lower, such as 4.5, and some average higher, such as 6.1. This percentage may be modified.
5. Work-time wasted
   This research-based figure is derived from the percentage of employees who are most likely to waste time at work dealing with personal financial concerns and who are affected by the financial program to the extent that they subsequently reduce such wasted time. This assumption is only minutes a day per employee who spends time dealing with financial concerns at work.
6. Job performance rating
   This figure for improvements in performance rating represents the value to the employer based on increased level of performance. Calculations vary according to the financial wellness of the employees as well as the number who are seriously impacted in a positive manner by the financial education program.
7. Health care premium savings
   This figure for the employer's reduced costs in current payments for health care premiums is based on the average savings per enrollment for the additional percentage of employees who will choose a health care plan less costly (for the employer) rather than the standard employer-provided health care plan which is more expensive for the employer to provide to employees.
8. Health care spending plan
   This figure for employer's reduced FICA taxes paid to the federal government represents estimated savings based on the additional percentage of employees who will enroll in the health care spending flexible benefits plan calculated using an employer contribution tax savings of 7.65%. The calculation recognizes that only a small proportion of employees not currently enrolled can be affected.
9. Dependent care spending plan
   This figure for employer's reduced FICA taxes paid to the federal government represents estimated savings based on the additional percentage of employees who will enroll in the dependent care flexible benefits plan calculated using an employer contribution tax savings of 7.65%. The calculation recognizes that few qualified employees not currently enrolled can be affected.
10. Workers' Compensation
    This figure for reduced workers' compensation costs is based on a reduction in annual employer expenses related to workers' compensation claims. The calculation uses national cost figures.
11. Garnishments
    This figure for reduced employer costs for garnishments considers both the direct costs of reducing the number of garnishments and the reduced amount of payroll-staff time needed per employee to process garnishments.
12. Percentage of employees impacted
    This figure indicates the number of employees whose personal financial behaviors will be impacted seriously by the financial education program to the extent that their work outcomes will be positively impacted. The default assumption is 30 percent even when 100 percent of employees are provided the program.