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Estimate the ROI of ELMO Performance Management 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 Performance Management system.

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Including casuals, contractors, full-time, part-time and volunteers, across all sites and locations.

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

Average = 20% of annual salary for a mid-range position of $85,000 (which equates to $17,000), or as high as 213% for executive positions.[2]

Average = 210 hours per year.[3]

Average = 40 hours per year.[4]

Guide = 4 hours per employee, per year.

Sources:

  1. SHRM: 2016 Human Capital Benchmarking Report
  2. Human Resources Group: Cost of employee turnover is 20 percent of annual salary for a mid-range position of $85,000, or as high as 213% for executive positions
  3. Harvard Business Review: The average manager reported spending about 210 hours – close to five weeks—doing appraisals each year
  4. SHRM: Employees spend 40 hours a year on their performance appraisals, on average

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 Performance Management, so that you can determine whether to further consider ELMO Performance Management for your business. ELMO Performance Management 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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