We keep saying WIL benefits employers and is good for the bottom line. Now we’ve found a new way to prove it. BHER has built a Return on Investment (ROI) Calculator. It’s the first of its kind. It’ll help you to estimate your costs to find out just how much a WIL program can benefit your business, not only in terms of the return on dollars spent, but also in terms of potential recruitment, productivity, and innovation gains.
We asked small, medium, and large employers across Canada about the benefits and barriers to investing in WIL. They said it was time-consuming and hard to calculate. And they said it was harder still to make the case for investing in WIL without knowing the return on investment.
To help, we built an evidence-based planning calculator. Nothing like this existed before. So think of it as a beta test and know that we’ll constantly be evaluating the tool and looking for ways to improve it based on your experience.
For the first time anywhere our ROI calculator enables employers, whether you’re new to WIL or already have a WIL program, to estimate your costs and identify some of the key benefits of WIL.
To learn more about completing your WIL ROI calculations, take a look at our How to Calculate Your ROI guide, where you’ll find step-by-step instructions on each component of your ROI calculations. This guide will also help you identify the broader social benefits of WIL, of which there are many, i.e. the Social Return on Investment (SROI).
Our interactive calculator is available as a spreadsheet too for you to take with you and use on your own time. Download it below.