Tools and Resources

Onboarding Calculator

Automate and accelerate your onboarding process to reduce cost and
impact your bottom line.

Integrating new hires into an organization requires time-consuming, manually-performed administrative tasks such as managing security access, collecting employee data, distributing company documents and ordering office equipment. Automating these tasks provides significant time and cost savings as demonstrated in the ROI Model below.

To see the potential savings for your company, type in the number of
employees in your organization and click "Calculate."

 
 Company Data:
A. Number of Employees    
B. Turnover Rate (Default Value = 25%)    %
C. Estimated Employee Growth Rate (Default Value = 10%)    %
New Hires Per Year (AxB) + (A x C)    
Calculate >>
 Annual Company Savings:
Mailing Supplies:
Outbound Mailing Cost (assumes express mail)  $   
Return Mailing Cost (assumes express mail)  $   
Paper and Copying  $   
Total Mailing & Supplies Savings Per Hire  $   
HR FTE Costs:
Form processing time (hours) -- 1/2 hour per form
(assuming 15 forms)		    hrs
Payroll & HRIS setup time (hours)    hrs
Logistics and all other pre-employment set-up time (hours)    hrs
Total HR FTE Time Saved Per New Hire (hours)     hrs
HR FTE Hourly Cost
(assumes a $50,000 salary plus benefits)		  $   
Total HR FTE Savings Per Hire  $   
New Hire Opportunity Costs:
Time to productivity savings (hours)    hrs
New Hire Hourly Cost
(assuming a $50,000 salary plus benefits)		  $   
Total Savings Per New Hire  $   
Total HR FTE Savings Per Hire  $   
TOTAL ANNUAL COMPANY SAVINGS  $   
 
Annual Company savings may vary depending upon the company's actual costs of compliance and processing, turnover rate and growth rate.

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