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How to calculate the ROI of your HR software

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Are you struggling to work out the ROI of your HR software?

Calculating the ROI for departments like HR and Payroll isn’t as straightforward as it is for sales teams, and this can lead to some business leaders to de-prioritise any requests for budget or software that comes from cost center departments.

The more accurately a department can demonstrate their ROI, the more likely they are to receive further funding, tools and resources.

This guide covers all the essential information you need to know to calculate your HR software’s ROI.

Read this guide to learn:

  • What information you will need from your software
  • What calculations you need to do
  • How to report on the ROI of your HR software to your leadership team

 

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