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HR Software Savings Calculator

Your HR team is spending a lot of time on administrative tasks—time that they could be spending on initiatives that will directly impact your bottom line, such as reducing turnover or building a culture of performance excellence. How much money is your organization wasting without HR software? This calculator gives you a first look into how much your organization could save each year with HR software.

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Estimated Annual Savings: $
Onboarding Savings: $
Electronic Signatures Savings: $
Time Off Management Savings: $
Administrative Task Savings: $
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Onboarding Savings

Without HR software, HR professionals spend an average of 11 hours per employee just taking care of onboarding basics. With HR software, the average drops to 5.5 hours per new employee, freeing time for your organization to truly welcome employees and help them hit the ground running.

Electronic Signature Savings

Implementing electronic signatures with HR software saves an average of two hours per document. With an average of 15 documents required during the onboarding process, making this change can save the equivalent of a part-time employee’s workweek, giving HR more time to focus on people work instead of paperwork. And as for paperwork, electronic signatures save an average of $300 in printing, faxing, and copying paper documents.

Time-Off Management Savings

Employees take an average of three unreported PTO days per year. This might not seem egregious, but unreported absences impact employee productivity at work and lead to excess payouts when employees leave the company. And with an average employee salary of $22.12 per hour, the cost of three unreported PTO days comes in at $530.77—that’s per year, for every employee. HR software can help eliminate these issues by making it easier to request, calculate, approve, and track PTO.

Administrative Task Savings

The average HR professional spends five hours of their day on administrative tasks—entering information, ensuring compliance, responding to employee requests, and more. Providing employees with cloud-based self-service for some of these tasks can reduce this average to three hours per day, freeing up time for both HR professionals and employees to collaborate, focus, and develop professionally.

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Start your free trial of BambooHR to go beyond the averages and calculate the impact that effective HR software can have on your organization—both on the balance sheet and in the employee experience.

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Results based on reported averages for HR generalist salary/benefits1, employee salary/benefits, unreported PTO2, time spent on HR-related tasks3, and costs for printing, faxing, scanning, and overnighting documents4.

1Automating the Onboarding Process to Realize Significant Return on Investment

2Employee Self-Service: A Strategic Approach

3Paid time off abuse adds up

4Business Wire

Piggy bank image
Estimated Annual Savings: $
Onboarding Savings: $
Electronic Signatures Savings: $
Time Off Management Savings: $
Administrative Task Savings: $
Free Customized Demo

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