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.
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 -
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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.
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