Calculating the ROI of HRMS
As an HR Professional, you can do so much for your organization. From increasing employee satisfaction to lowering employee turnover, you generally have your hands full. But if all of your time is eaten up by operational tasks like answering questions or tracking vacation time, you’ll never be able to take on more strategic initiatives. An HRIS (human resources information system) can help you by automating many of the processes that consume valuable time in your HR department, saving you time and money. And that’s just one of the benefits.
BambooHR created an infographic that breaks down the savings and other benefits an HRIS could provide for your organization using a hypothetical company and a hypothetical HR professional, Caroline. With baseline averages, they calculated how much Caroline’s time is worth ($33/hour) and how much an average employee’s time is worth ($23/hour) at Caroline’s company. From there, they break down the numbers.
Check out the results and see how much the right HR software can save your organization.
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