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Decoding Return on Investment for an ATS
Before we dive in to do the real maths, let’s understand what ROI is.
ROI is a performance metric used to evaluate the efficiency and profitability of an investment in a software, service, or tool. It is a popular performance measure because of its true versatility and simplicity.
The formula to calculate ROI
ROI = ( Profit gained / Cost of investment ) * 100
How Does an ATS Maximize Your ROI?
Finding the perfectApplicant Tracking Systemis a dream come true!
It decreases the time taken to fill positions
It reduces your hiring andrecruitment marketingcosts
It helps improve the quality of hire
It enhances your work productivity
Rated the Best Recruitment Agency Software
We are the highest rated system across all major review websites like Gartner’s Capterra, GetApp, G2 Crowd & Software Advice.
Frequently Asked Questions
To calculate the ROI of an ATS, you can use this formula – ( Profit gained / Cost of investment ) * 100. If you wish to know more, head over to this blog
It is important to measure savings so that you have a clear idea of the efficiency of your recruiting software. Measuring the ROI helps you with your analytics and to make the final call on whether to continue using a software or tool.
Here are the advantages of calculating ROI –
- It enables you to measure work efficiency
- It helps you give a comparison analysis
- It helps you determine profitability
Our In-Depth Case Studies Prove Exponential Client Growth
Find out how Recruit CRM’s ATS + CRM enabled the pioneers of psychographic recruiting skyrocket their sales, and transform and scale their recruitment business.
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An ATS makes hiring streamlined for recruiters and HR departments. With thousands of applications received per job opening, find out how an ATS makes the job 10X easier.
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Thinking about switching to a new Applicant Tracking System provider? Don’t fret! We’re sharing the top ten essentials you need to consider to make a smooth transition to a new ATS.
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