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The New ROI

The Great Resignation has tremendously impacted employers, reducing outputs, lowering quality, and increasing hard-to-manage variability. An inability to attract new employees has made retention of existing employees imperative. With this new imperative, the automation calculation of return on investment (ROI) has changed.

Whereas the original calculation for automation ROI involved the savings from eliminating jobs, it has moved to a calculation of using automation to save them through employee retention. Studies are finding that automating dull and repetitive tasks increases employee satisfaction in the workplace. In fact, 85% of executives say that incorporating automation into their organization will help them attract new employees and retain those existing.

How Automation Helps Retain Employees

The most significant company benefits of automation are eliminating repetitive and mundane jobs and the safety risks that come with them. Eliminating those tasks benefits existing employees in several ways.

The Ability To Make A Difference

Employees like to finish the day knowing they made a difference. An essential component of our happiness comes from a sense of purpose. 70% of employees look to their work to find that sense of purpose.

Mindless tasks cause burnout and leave a sense of accomplishing nothing worthwhile. Taking those tasks out of the employee’s daily routine and letting them focus on more meaningful projects increases job satisfaction.

Upskill Employees

Adding even more to that sense of purpose is the ability of employees to train up within the company. Relieved from mundane tasks, employees have time for company training, whether it be upskilling or reskilling.

Employee training is essential to employee retention, with LinkedIn Learning reporting that 94% of employees say they stay with a company that is interested in their development. Additionally, employees become more engaged when offered company training, producing greater company profitability and retention.

Training creates a feedback loop. As employees become more knowledgeable, their value increases, they perform more complex and meaningful tasks, and they stay for more training and advancement.

Improved Working Conditions

Businesses in the manufacturing industry or any industry that requires physical labor have employees at risk of accidents and injuries. Lifting heavy objects, working in proximity to dangerous equipment, or working around hazardous or toxic substances increases risk and results in lower morale.

Taking employees from these conditions with robots makes them feel safer and more appreciated and allows them to work on more important jobs. The company benefits by using these employees to their full value.

Improved Worker Connections

Mundane and repetitive tasks often foster isolation as an employee does the same thing repeatedly without the ability to interact. Moving employees to higher-value tasks that require teamwork gives them a sense of community, thus improving job satisfaction and retention.

It’s Time to Automate

The ROI for automation has changed, and the new equation holds higher benefits for companies. Employees are at the heart of all company values, and their input, ideas, and collaboration move businesses forward. Eliminate boring, unsafe, and repetitive tasks and watch your employees blossom and stay.

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