HR Tech ROI Calculators prove to be quite handy and effective in tracking, analysing and evaluating required metrics. We have collated Top 5 HR ROI Calculators to get you and your HR team started.

by Sanika Sarmalkar, Junior Consultant – Digital HR, hrtech.sg

Strong HR metrics are the cornerstone of any successful people strategy. They act like a business compass, guiding you towards a more engaged, productive, and cost-effective workforce. You gain valuable insights into your organization’s strengths and weaknesses by tracking key metrics like cost per hire, turnover, and absenteeism. This knowledge empowers you to develop targeted strategies that address specific challenges and unlock your full potential.

HR Software ROI Calculators: Your Data-Driven Toolkit

But simply tracking metrics isn’t enough. You need a way to translate that data into actionable insights. This is where HR Tech ROI Calculators come in. These powerful tools help you track, analyze, and evaluate the impact of your HR investments.

Take a Look at the Top 10 HR Tech ROI Calculators: We’ve compiled a list of 10 calculators categorized by their area of focus to get you started:

HR Software ROI Category: HRMS

Keka HRMS ROI Calculator: This user-friendly tool helps businesses measure the return on investment from their HR and payroll solutions. Users can see the financial benefits of implementing Keka’s technology by inputting key data points.
Darwinbox HRMS ROI Calculator: This online tool helps you understand the ROI of your HRMS, whether you’re considering a new system or evaluating your current one. It provides insights to plan your digital transformation investments effectively.- Download the eBook, “The Ultimate Guide to HRMS’s ROI.” to learn how to build a case for HRMS’s impact and measure it.

HR Software ROI Category: TALENT ACQUISITION

GrabJobs Recruitment Cost Calculator: Before optimizing your hiring and recruiting expenditures, you need to establish your current recruiting costs. This calculator helps you compute those costs and identify potential savings.
RippleHire Referral Program Calculator: A strong referral program is critical for retention and top-line impact. This free calculator allows you to assess your employee referral program, drawing on expertise from over 100 programs.
Talview’s Hiring ROI Calculator: Are you struggling with high hiring costs or a lengthy recruitment process? This ROI Calculator helps you estimate the potential savings you can achieve with their remote hiring and recruitment automation solutions. Simply enter your current hiring volume and see the time and cost reductions you can expect.

HR Software ROI Category: TALENT DEVELOPMENT

Disprz ROI Calculator: This calculator measures the financial impact of frontline enablement initiatives. It analyzes key metrics to help organizations quantify the ROI from upskilling and reskilling their workforce.

HR Software ROI Category: TALENT ENGAGEMENT

CultureAmp ROI Calculator: This calculator helps organizations quantify the ROI of employee engagement initiatives by analyzing key metrics like turnover, productivity, and retention. It provides a clear understanding of the financial benefits of improving workplace culture and employee satisfaction.
Infeedo ROI Calculator: This calculator quantifies the financial impact of employee engagement and feedback initiatives. It analyzes key metrics to provide organizations with a clear understanding of the ROI from using Infeedo’s platform.

Leenai AI’s ROI Calculator: This calculator goes beyond engagement, estimating the value you can achieve with AI-powered solutions for employee experience, from helpdesk to process automation.

HR Software ROI Category: Health & Wellness – Employee Mental Wellness

Joye ROI Calculator: This calculator shows the financial benefits of employee well-being programs. It analyzes key metrics like engagement and productivity to quantify the ROI. This data-driven approach helps you make informed decisions about well-being initiatives.

Benefits of HR Software ROI Calculations:

HR Software ROI Calculators empower you to:

Make data-driven HR decisions: Move beyond guesswork and base your choices on concrete evidence.
Optimize your HR budget: Invest in technologies and initiatives with the greatest potential return.
Build a high-performing workforce: Identify and address areas that hinder your organization’s success.
Track trends and identify opportunities: Gain insights from your HR data to develop effective strategies.
Evaluate new investments: Choose the solutions that will yield the most significant benefits.

By leveraging HR Software ROI Calculators, you can unlock the true potential of your human resources and build a thriving workforce that drives business success.

About the author :

Sanika Sarmalkar is part of the Digital HR Advisory & Consulting team at hrtech. With a Masters in HRM and a background in creative content writing, she is a HRTech evangelist who aims to encourage Enterprise HR Teams to adopt new-age HRTech solutions, and thereby enable their transition into becoming a Strategic HR Business Partner.

About hrtech :

Founded in 2018, we are a Singapore-based HRTech Analyst firm dedicated to facilitating Workplace and Workforce Transformations that drive impactful Business and HR outcomes. Our ultimate vision is to empower HR professionals to transform their organizations by seamlessly integrating technology and human-centric approaches.

From our very beginning, we have been committed to building a TECH-DRIVEN and DATA-CENTRIC HR ECOSYSTEM that empowers organizations to achieve successful Workplace and Talent Transformations, while enabling HR teams to evolve into Strategic Business Partners.

At hrtech, we recognize the paramount importance of adapting to the ever-changing demands of the modern workplace. Our unique value proposition lies in automating and digitizing HR processes to initiate a transformative mindset shift. By embracing our ecosystem, organizations can leverage the power of technology to streamline operations, enhance Business and HR productivity and efficiency, elevate employee experiences, and unlock their full potential.

Our comprehensive ecosystem serves as a catalyst for the digital transformation of HR functions, enabling you to optimize efficiency, foster innovation, and cultivate a thriving workforce amidst constant change. To facilitate this transformation and drive organizational success, we operate through our four distinct verticals of Academy, Advisory & Consulting, Marketplace Solutions and Talent OnDemand.