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How do we calculate the ROI of HR software?
The HR ROI calculator data is based on the following data assumptions:
- Manual onboarding costs of 14% of the median employee salary
- An average UK HR Manager Salary in 2023 of £45,000 according to Glassdoor and the 220 Day Rule applied for calculation of £25ph
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Uncover Hidden Savings with Our HR ROI Calculator
By analysing your current HR practices, our HR ROI calculator provides insights into the potential return on investment of implementing HR software. Simply answer a few quick questions about your team, and our HR Calculator will reveal hidden savings and show you the real impact of a streamlined HR system.
Think of it this way: less time wrestling with data means more time for what matters - your people.
Ready to free up time and boost your bottom line? Give it a try!
Benefits of using a HR Calculator
Our HR ROI calculator can save you time and cut your costs. It helps you identify areas to streamline processes and translates them into potential cost savings through an efficient HR system. These streamlined processes include:
Freeing up HR from manual data entry and reports.
Generating instant insights for data-driven decisions.
Streamline your HR & Payroll with People HR!
Start your free 14-day trial today and discover how PeopleHR can streamline your HR and payroll, saving your time and money.
How to calculate ROI for HRIS with PeopleHR
So, how is ROI calculated for software? Our HR calculator estimates the financial benefits of implementing HR software by comparing its costs against the savings generated from improved processes.
Here's a breakdown of how we use your current HR data, to calculate these savings:
Employee Count and Turnover
This data helps estimate the cost of hiring and onboarding new employees. The calculator then compares this to the potential savings from automated onboarding processes.
Average Salary
This information is used to calculate the hourly cost of HR staff. By estimating the time saved through automation, the calculator determines the potential salary savings.
Time Spent on Data Entry and Reporting
This data quantifies the current manual workload. The HRIS ROI calculator compares it to the estimated time saved with the software, translating those hours into cost savings.
