Psychosocial Risk Cost Calculator
Company Profile
Assumptions & Benchmark Data
These fields are pre-filled with published industry benchmarks. Override any value with your organisation's actual data for a more accurate calculation.
SafeMinds ROI Calculator
OptionalSee how investing in SafeMinds' psychosocial risk management platform could reduce your costs. The savings model assumes that SafeMinds adoption improves your organisation's psychosocial maturity by one level per year (e.g., Basic → Developing → Defined), reducing risk costs accordingly.
How are savings calculated?
Delayed Benefit (Insurance): Premium reductions typically take effect from Year 2, as insurers require demonstrated risk improvement before adjusting rates.
Immediate Benefit (All Other Costs): Reduced absenteeism, presenteeism, turnover, and backfilling begin in Year 1 as the platform enables earlier intervention.
Each year, the model assumes a one-step maturity improvement, which directly reduces the cost multiplier applied to each category.
| Year 1 | Year 2 | Year 3 | Total |
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Cost vs Savings Comparison
Methodology & Sources
How costs are calculated:
- Costs are calculated using your organisation's employee and wage data, adjusted for industry-specific workers' compensation rates and your psychosocial maturity level.
- The maturity multiplier scales costs: organisations with Basic maturity face 30% higher costs than the Defined baseline, while Optimising organisations see 30% lower costs.
- All costs are projected over 3 years with annual growth rates applied for wages, claims, and premiums.
- Savings assume adoption of SafeMinds improves maturity by one level per year, with insurance premium reductions applying from Year 2 (delayed benefit) and all other improvements from Year 1 (immediate benefit).
Source documents: