Before we dive in to do the real maths, let's understand what ROI is.
ROI is a performance metric used to evaluate the efficiency and profitability of an investment in a software, service, or tool. It is a popular performance measure because of its true versatility and simplicity.
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It decreases the time taken to fill positions
It reduces your hiring andrecruitment marketingcosts
It helps improve the quality of hire
It enhances your work productivity
To calculate the ROI of an ATS, you can use this formula - ( Profit gained / Cost of investment ) * 100. If you wish to know more, head over tothis blog
It is important to measure savings so that you have a clear idea of the efficiency of your recruiting software. Measuring the ROI helps you with your analytics and to make the final call on whether to continue using a software or tool.
Here are the advantages of calculating ROI -
Find out how Recruit CRM’s ATS+CRM enable the pioneers of psychographic recruiting skyrocket their sales, and transform and scale their recruitment business.
An ATS makes hiring streamlined for recruiters and HR departments. With thousands of applications received per job opening, find out how an ATS makes the job 10X easier.
Thinking about switching to a new Applicant Tracking System provider? Don’t fret! We’re sharing the top ten essentials you need to consider to make a smooth transition to a new ATS.
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