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Estimate the ROI of ELMO Onboarding using our simple, online calculator. Receive an estimate of the time and financial savings you could enjoy in a given year by utilising ELMO’s cloud-based onboarding software.

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Average = 19%.[1] [2] For example if you have 200 employees in your organisation you will expect to replace 38 people per year.

Average = 10.4% of your current workforce.[3] For example if you have 200 people in your organisation you would anticipate to hire 21 new employees in a year.

Guide = 8 hours. This can include preparation of offers, various company and personal forms, document scanning, initiating background checks, chasing missing information, assisting in the completion form/document information, data entry into manual or antiquated systems etc.

Guide = 5 hours.

Guide = 16 hours. Includes mandatory training, reading and learning materials.

Average = 40 days for clerical roles and 100 days for professional roles.[4]

Sources:

  1. SHRM: Human Capital Benchmarking Report
  2. Glassdoor: The Hidden Costs of Onboarding a New Employee (& How to Avoid Them)
  3. Labour market Information Portal: Average employment growth rate is 10.4% over the last 5 years
  4. MIT Sloan Management Review: Getting new Hires up to speed quickly

Disclaimer:

ELMO Cloud HR & Payroll provides this ROI Calculator as a tool to help you explore the potential cost savings that your business could achieve when utilising ELMO Onboarding, so that you can determine whether to further consider ELMO Onboarding for your business. ELMO Onboarding ROI Calculator savings are indicative only and are based on a combination of market data as referenced, and your responses to the questions displayed. Actual savings may vary.

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