Did you know your tech stack can impact your recruitment ROI?
Even Fortune 500 companies lose approximately £480 billion due to operational inefficiencies each year.
Use our Recruitment ROI Calculator and see how much money you could be missing out on, and read on to find neat tips and tricks to improve your ROI.
Calculate your recruitment ROI
The ROI Calculator projections are estimates for illustrative purposes only and do not guarantee future results. Actual ROI will vary based on individual business circumstances. The average salary used in this calculation is £24K per employee.
Complete the questions in each section of the calculator tool, considering the daily tasks your team does to grow your agency. Based on the information you provide, it will generate an estimate of any potential inefficiencies or savings you could make with the right recruitment software.
This calculator considers the key areas in your business where ROI can be effectively measured. This includes how much money you spend on staff and how much time they spend on certain tasks. Find out more about the key areas for recruitment agency analytics.
Scaling your recruitment agency is often about adding numbers to your desk. But the hiring process can come with hidden costs, and missed opportunities to make your existing team more efficient. When you can optimise the value of both existing and new recruiters in your team, you’re better placed to drive ROI.
Your recruitment technology and staff work hand in hand, so understanding your total costs can be vital to helping you drive ROI. Consider not just the cost of acquisition, but also ongoing expenses in training staff and maintaining your operations.
Calculating your recruitment ROI isn’t just about crunching numbers—it’s a powerful way to uncover insights that help you refine and optimise your recruitment process. By understanding where your investments are most effective, you can make strategic changes that drive efficiency and better results.
The accuracy of the recruitment ROI Calculator depends on the accuracy of the data you input. It uses standard industry metrics and algorithms to estimate potential savings and earnings. However, it should be used as a guideline rather than a precise forecast, as actual results can vary based on a variety of different business circumstances.
To use the recruitment ROI calculator, fill out the form provided with specific data about your current recruitment processes. Including information such as time it takes to create searches, format CVs, schedule interviews, send documents, generate invoices, produce weekly reports, and other relevant business metrics. The calculator will then process this information to give you an estimation of the potential savings and increased earnings.
Yes, the recruitment ROI calculator is offered as a free tool. It is designed to help recruitment agencies understand the potential financial benefits of upgrading their tech stack without any initial investment.
Measuring your recruitment ROI offers essential insights into the efficiency and cost-effectiveness of your hiring process, helping you identify strengths and pinpoint areas for improvement. This understanding allows you to optimise resource allocation and enhance overall recruitment strategies.
A positive score indicates that your recruitment efforts are yielding a favorable return on investment, reflecting effective hiring practices and resource utilisation. It also signals that you have a strong foundation to build on, while still offering opportunities to further optimise and drive even greater success.
If the ROI calculator indicates significant potential savings, it may be worthwhile to further explore upgrading your recruitment tech stack. Consider arranging a demo with recruitment tech providers, like Vincere, for a more detailed analysis and personalized recommendations based on the specific needs of your agency.
