Unlocking Hidden Value in Employee Benefit Programs.
Both Amanda and Robert Johnson are highly valued employees at their respective companies, earning a combined $450,000 annually. They consistently leave PTO days unused at the end of each year. While they value their work-life balance, they haven't fully understood the opportunity cost of forfeiting those PTO days, especially as they juggle college savings and retirement planning with $2.1 million already saved.
Using the Absence Percentage Calculator, we determined that Amanda was forfeiting approximately 15% of her PTO annually, and Robert, 10%. By applying their hourly rates (derived from their salaries) to these forfeited hours, we revealed a combined opportunity cost of approximately $25,000 per year. This information allowed The Johnsons to prioritize taking more time off, understanding the direct financial benefit.
The Absence Percentage Calculator was used in conjunction with salary information to determine hourly rates. The calculation then determined total lost income as a result of unused PTO for both Amanda and Robert.
$25,000 annual opportunity cost identified, leading to improved work-life balance and potentially higher future earnings due to reduced burnout.
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