Recruitment ROI Calculator

Estimate the ROI of ELMO Recruitment 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 recruitment software.

How many employees are there in your organisation?

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

What is your attrition rate per year?

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

Excluding the attrition rate, how many additional employees do you anticipate to hire over the next 12 months?

Average = 10.4% of your current workforce.^[2] For example if you have 200 people in your organisation you would anticipate to hire 21 new employees in a year.

On average, how many hours do you invest to promote each new vacancy?

Guide = 6 hours.

What is the average number of days it takes you to fill a vacant position in your organisation?

Average = 68 days. This is the number of days between the publication of a job and getting an offer accepted.^[3]

On average, how many hours do spend collecting and processing forms and documents for each new hire?

Guide = 5 hours.

How many vacancies in your organisation are filled by 3rd party recruitment firms or consultants, per year?

=SUM(E8/100)

=SUM(E8/100)*E6

=SUM(E9*F9*SUM(G8,G7))

=SUM(E10*F10*SUM(G8,G7))

=SUM(E11*F11*SUM(G8,G7))

Advertsing Positions

Time to hire

Processing forms

3rd Party Recruitment

Total Hours Saved

Total Days Saved

Total Cost Savings

First Name

Surname

Email Address

Phone Number

Company Name

Sources:

SHRM: 2016 Human Capital Benchmarking Report
Labour market Information Portal: average employment growth rate is 10.4% over the last 5 years
Australian Financial Review: Average time to hire staff hits 68 days – twice as long as in 2010

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

Mix & match any combination of module(s) to suit your organisation's unique needs

Sources:

Disclaimer: