This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
ROI Calculator
Are you thinking about investing in an applicant tracking system? Maybe you're in the process of building a business case but not sure where to start?
We've developed our Tribepad ROI calculator to help you show the potential value of recruitment software, from saving admin time to reducing lost revenue through poor hires.
Just complete the fields below and hit 'Calculate my ROI' and we'll give you instant results that you can download in seconds!
The current overall headcount of employees of your business
The average salary of all employees in your business
The percentage of staff you would expect to leave in the next 12 months
How much you expect your overall employee headcount will grow in the next 12 months
Your total current annual spend on recruitment agencies and third party staffing resource
Your current total spend on recruitment software and any third party recruitment tools
The cost to your business currently per employed in-house recruiter
How many employed in-house recruiters you currently have in your business
The current time between approval of a role and a candidate accepting the position
Your Results
Based on your estimated hires over the next 12 months of ---, and your total annual recruitment costs of £---,---.
Your total estimated annual savings from using Tribepad would be £---,---.
Total estimated set-up cost: £---,---.Total estimated annual licence cost: £---,---.
First Year
Total estimated first year saving*:
£---,---
Total estimated first year ROI*:
---%
Contract
Total estimated contract saving*:
£---,---
Total estimated contract ROI*:
---%
Detailed annual savings breakdown*
*these calculations are indicative only, and are intended to give an estimate of the potential savings of using recruitment software or an applicant tracking system like Tribepad, based on data from existing customers and commonly used industry statistics and assumptions. The actual ROI of using Tribepad’s software will vary based on each individual business and could be more or less than these estimates.
Saving on…
Poor hires through better sourcing & selection:
Based on your expected attrition rate of new hires. An ATS can cut out 1 in 10 bad hires, and often much more. A poor hire can cost a business 30% of that employee’s total annual salary, and in many cases significantly higher depending on seniority.
Saving on…
Attrition through improved onboarding:
Based on your expected attrition rate of new hires. A well oiled onboarding process can drastically improve new hire retention. We have applied a conservative 10% saving, however some leading industry publications suggest it could be up to 82%.
Saving on…
Recruitment agency costs:
Based on your estimated agency costs. Use of an ATS can significantly reduce your reliance on agencies for talent sourcing and administration. We have applied a 30% saving on your current costs, though one Tribepad customer recently reported a 40% saving.
Saving on…
Existing sourcing, third party softwares & media:
Based on your estimated current costs. Using integrations and built in features of an ATS, you could reduce your reliance on additional tools. We have applied a 30% saving, but this could significantly increase if you are replacing an existing ATS.
Saving on…
In-house admin time & resource:
Based on your current in-house recruitment costs. An ATS will almost certainly reduce administration time. We’ve used an estimate of 40%, though many customers report dramatic time savings, some seeing up to 70% efficiencies with Tribepad.
ROI Calculator
Page 1 of 2
Your requirement costs
Number of employees
---
Average employee salary
---
Average annual staff turnover
---
Estimated overall headcount growth (next 12 months)
---
Estimated annual recruitment agency spend
---
Annual cost on software, third party tools & media
---
Average total salary per in-house recruiter
---
Total number of in-house recruiters
---
Current expected time to hire in days
---
Your results
Based on your estimated hires over the next 12 months of
---
...and your total annual recruitment costs of
---
Your total estimated annual savings from using Tribepad would be
---
Total estimated set-up cost
---
Total estimated annual licence cost
---
Desired contract length (typically 3 years)
---
First Year
Total estimated first year saving*:
£---,---
Total estimated first year ROI*:
---%
Contract
Total estimated contract saving*:
£---,---
Total estimated contract ROI*:
---%
ROI Calculator
Page 2 of 2
Your detailed annual savings breakdown*
Saving on…
Poor hires through better sourcing & selection:
Based on your expected attrition rate of new hires. An ATS can cut out 1 in 10 bad hires, and often much more. A poor hire can cost a business 30% of that employee’s total annual salary, and in many cases significantly higher depending on seniority.
Saving on…
Attrition through improved onboarding:
Based on your expected attrition rate of new hires. A well oiled onboarding process can drastically improve new hire retention. We have applied a conservative 10% saving, however some leading industry publications suggest it could be up to 82%.
Saving on…
Recruitment agency costs:
Based on your estimated agency costs. Use of an ATS can significantly reduce your reliance on agencies for talent sourcing and administration. We have applied a 30% saving on your current costs, though one Tribepad customer recently reported a 40% saving.
Saving on…
Existing sourcing, third party softwares & media:
Based on your estimated current costs. Using integrations and built in features of an ATS, you could reduce your reliance on additional tools. We have applied a 30% saving, but this could significantly increase if you are replacing an existing ATS.
Saving on…
In-house admin time & resource:
Based on your current in-house recruitment costs. An ATS will almost certainly reduce administration time. We’ve used an estimate of 40%, though many customers report dramatic time savings, some seeing up to 70% efficiencies with Tribepad.
*these calculations are indicative only, and are intended to give an estimate of the potential savings of using recruitment software or an applicant tracking system like Tribepad, based on data from existing customers and commonly used industry statistics and assumptions. The actual ROI of using Tribepad’s software will vary based on each individual business and could be more or less than these estimates.