Sapling ROI Calculator

Every organization wants to support the employee experience, but will investing in an People Ops platform really improve the bottom line?

We’ve compiled the facts and data to help HR leaders understand the ROI components of a People Ops platform and how it translates into direct financial impact for your company.

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Presenting an ROI driven cost/ benefit analysis to a CFO can be a complex undertaking, but it’s essential that HR leaders build a strong business case. The biggest obstacle many teams face is an unclear framework of how to assess ROI.

While some things are easy to measure in recruitment and ongoing employee costs (i.e. job postings, salaries, employee benefits), other things are more difficult to track.

Specifically, it’s often difficult to attribute the time invested by HR and People departments in preparing for new employees and managing onboarding workflows with compliance costs. And that’s before we begin to assess the ROI of ramp-up time for new employee proficiency, benefits of early employee engagement, and the broader influence on employee culture and team success.

Estimated Annual Savings:

Total ROI:

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Onboarding Savings:

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Faster time to Productivity Savings

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Integrations Savings:

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Decrease Turnover Savings:

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Time off Management Savings:

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Transitions Savings:

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1. Onboarding Savings

Automating the manual, repetitive tasks with sophisticated onboarding management tools reduces HR team overhead, driving efficiency across the organization and allowing your team to focus on what they do best: people, not process.
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‍Implementing electronic signatures with HR software saves an average of two hours per document. That’s better for the environment and your bottom line. Our research suggests we save 10 hours of People Operations team management per new hire.

2. Faster time to Productivity

Ensuring the investment made in recruiting new hires is realized as soon as possible. Effective onboarding minimizes the time it takes to get new-hires settled, fully engaged and ramped to proficiency. Employees typically take 8 months to reach full productivity.

New hire’s work an average of 200 hours each month as they get ramped up. Our research suggests we save 20 hours of lost productivity by ensuring they have the structure and tools they need to succeed.

3. Saving data entry from integrations

Manual data entry between systems is a major time-sink for HR and People Operations teams.
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‍By integrating all your key systems like applicant tracking, payroll, slack and G-Suite, our research suggests that each integration saves 5 hours of work each week for People Operations teams.

4. Decrease Turnover

A positive, supported employee experience is critical. structured people operations programs reduce the risk of employee turnover by 58%, and saves the recruiting and time costs associated with continually replacing talent.
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86% of new hires make a decision to stay with a company long-term within the first six months of employment and a great employee experience increases long term tenure.

5. Cost Savings in Time off Management

Employees take an average of two unreported PTO days per year. This might not seem egregious, but unreported absences impact employee productivity and lead to excess payouts when employees leave the company.

‍With an average employee salary of $22.12 per hour, the cost of two unreported PTO days comes in at $353.92 per year, for every employee. HR software can help eliminate these issues by making it easier to request, calculate, approve, and track PTO. Simplifying this process also encourages employees to communicate in advance about their time off needs, knowing that it won’t be a waiting game.

2. Faster time to Productivity

Ensuring the investment made in recruiting new hires is realized as soon as possible. Effective onboarding minimizes the time it takes to get new-hires settled, fully engaged and ramped to proficiency. Employees typically take 8 months to reach full productivity.
‍

‍New hire’s work an average of 200 hours each month as they get ramped up. Our research suggests we save 20 hours of lost productivity by ensuring they have the structure and tools they need to succeed.

4. Decrease Turnover

A positive, supported employee experience is critical. structured people operations programs reduce the risk of employee turnover by 58%, and saves the recruiting and time costs associated with continually replacing talent.
‍
86% of new hires make a decision to stay with a company long-term within the first six months of employment and a great employee experience increases long term tenure.

Other benefits

Support Compliance

A sophisticated onboarding solution ensures all regulatory requirements are completed with e-signature capabilities. This enables employment contracts and company policies to be correctly signed and digitally stored.

Organizations manage huge compliance risk in payroll and benefits. Sapling makes sure you have a clear understanding of your programs with immediate access to their key compliance documentation.

Enhance Culture

Organizations with great culture enjoy significant benefits versus industry peers, including higher employee engagement, lower turnover, and better overall financial performance.

Onboarding is the first touch point your organization has with the new hire. Preboarding shows you care.

Sapling ROI Calculator

Estimated Annual Savings:

1. Onboarding Savings

2. Faster time to Productivity

3. Saving data entry from integrations

4. Decrease Turnover

5. Cost Savings in Time off Management

2. Faster time to Productivity

4. Decrease Turnover

Other benefits

Support Compliance

Enhance Culture

See Sapling in Action

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